This property looks like a bad Airbnb investment with a projected -7.36% first-year return on $76,800 initial cash invested.
-7.36%
Cash On Cash
4.64%
Cap Rate
0.74
DSCR
$2,216
Rent
-$471
Cashflow
Cash Flow
$2,216 income − $2,687 expenses = $471 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,800
Downpayment
20%
$56,000
Closing costs
1%
$2,800
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,216
Total Expenses
$2,687
Mortgage P&I
66%
$1,464
Property Taxes
3%
$61
Home Insurance
4%
$98
HOA
0%
$0
Property Management
15%
$332
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$554