This property looks like a bad Airbnb investment with a projected -9.3% first-year return on $76,380 initial cash invested.
-9.3%
Cash On Cash
4.49%
Cap Rate
0.67
DSCR
$2,150
Rent
-$592
Cashflow
Cash Flow
$2,150 income − $2,742 expenses = $592 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,380
Downpayment
20%
$55,600
Closing costs
1%
$2,780
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,150
Total Expenses
$2,742
Mortgage P&I
72%
$1,546
Property Taxes
3%
$64
Home Insurance
5%
$100
HOA
0%
$0
Property Management
15%
$322
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$538