This property looks like a bad Airbnb investment with a projected -12.24% first-year return on $76,569 initial cash invested.
-12.24%
Cash On Cash
3.58%
Cap Rate
0.54
DSCR
$1,661
Rent
-$781
Cashflow
Cash Flow
$1,661 income − $2,442 expenses = $781 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,569
Downpayment
20%
$55,780
Closing costs
1%
$2,789
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,661
Total Expenses
$2,442
Mortgage P&I
93%
$1,547
Property Taxes
0%
$1
Home Insurance
6%
$98
HOA
0%
$0
Property Management
15%
$249
CapEx
4%
$66
Vacancy
0%
$0
Maintenance
4%
$66
Other
25%
$415