This property looks like a bad Airbnb investment with a projected -0.09% first-year return on $76,338 initial cash invested.
-0.09%
Cash On Cash
7.24%
Cap Rate
1.08
DSCR
$3,261
Rent
-$6
Cashflow
Cash Flow
$3,261 income − $3,267 expenses = $6 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,338
Downpayment
20%
$55,560
Closing costs
1%
$2,778
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,261
Total Expenses
$3,267
Mortgage P&I
48%
$1,552
Property Taxes
2%
$51
Home Insurance
3%
$100
HOA
0%
$0
Property Management
15%
$489
CapEx
4%
$130
Vacancy
0%
$0
Maintenance
4%
$130
Other
25%
$815