This property looks like a bad Airbnb investment with a projected -21.62% first-year return on $76,800 initial cash invested.
-21.62%
Cash On Cash
0.94%
Cap Rate
0.14
DSCR
$1,277
Rent
-$1,384
Cashflow
Cash Flow
$1,277 income − $2,661 expenses = $1,384 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,800
Downpayment
20%
$56,000
Closing costs
1%
$2,800
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,277
Total Expenses
$2,661
Mortgage P&I
122%
$1,552
Property Taxes
31%
$396
Home Insurance
8%
$100
HOA
0%
$0
Property Management
15%
$192
CapEx
4%
$51
Vacancy
0%
$0
Maintenance
4%
$51
Other
25%
$319