This property looks like a bad Airbnb investment with a projected -18.38% first-year return on $76,590 initial cash invested.
-18.38%
Cash On Cash
1.82%
Cap Rate
0.28
DSCR
$1,446
Rent
-$1,173
Cashflow
Cash Flow
$1,446 income − $2,619 expenses = $1,173 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,590
Downpayment
20%
$55,800
Closing costs
1%
$2,790
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,446
Total Expenses
$2,619
Mortgage P&I
106%
$1,538
Property Taxes
20%
$288
Home Insurance
7%
$98
HOA
0%
$0
Property Management
15%
$217
CapEx
4%
$58
Vacancy
0%
$0
Maintenance
4%
$58
Other
25%
$362