This property looks like a bad Airbnb investment with a projected -3.61% first-year return on $77,178 initial cash invested.
-3.61%
Cash On Cash
6.23%
Cap Rate
0.94
DSCR
$3,519
Rent
-$232
Cashflow
Cash Flow
$3,519 income − $3,751 expenses = $232 out of pocket
Investment Breakdown
|
Purchase Price
$282k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,178
Downpayment
20%
$56,360
Closing costs
1%
$2,818
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,519
Total Expenses
$3,751
Mortgage P&I
44%
$1,553
Property Taxes
12%
$410
Home Insurance
3%
$98
HOA
0%
$0
Property Management
15%
$528
CapEx
4%
$141
Vacancy
0%
$0
Maintenance
4%
$141
Other
25%
$880