This property looks like a bad Airbnb investment with a projected -13.33% first-year return on $77,031 initial cash invested.
-13.33%
Cash On Cash
3.41%
Cap Rate
0.51
DSCR
$2,063
Rent
-$856
Cashflow
Cash Flow
$2,063 income − $2,919 expenses = $856 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,031
Downpayment
20%
$56,220
Closing costs
1%
$2,811
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,063
Total Expenses
$2,919
Mortgage P&I
76%
$1,572
Property Taxes
13%
$262
Home Insurance
5%
$94
HOA
0%
$0
Property Management
15%
$309
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$516