This property looks like a bad Airbnb investment with a projected -20.17% first-year return on $76,275 initial cash invested.
-20.17%
Cash On Cash
1.42%
Cap Rate
0.21
DSCR
$1,739
Rent
-$1,282
Cashflow
Cash Flow
$1,739 income − $3,021 expenses = $1,282 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,275
Downpayment
20%
$55,500
Closing costs
1%
$2,775
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,739
Total Expenses
$3,021
Mortgage P&I
89%
$1,540
Property Taxes
32%
$548
Home Insurance
6%
$97
HOA
0%
$0
Property Management
15%
$261
CapEx
4%
$70
Vacancy
0%
$0
Maintenance
4%
$70
Other
25%
$435