This property looks like a bad Airbnb investment with a projected -3.31% first-year return on $76,779 initial cash invested.
-3.31%
Cash On Cash
6.11%
Cap Rate
0.94
DSCR
$3,107
Rent
-$212
Cashflow
Cash Flow
$3,107 income − $3,319 expenses = $212 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,779
Downpayment
20%
$55,980
Closing costs
1%
$2,799
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,107
Total Expenses
$3,319
Mortgage P&I
49%
$1,512
Property Taxes
7%
$218
Home Insurance
3%
$98
HOA
0%
$0
Property Management
15%
$466
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$777