This property looks like a bad Airbnb investment with a projected -9.73% first-year return on $76,989 initial cash invested.
-9.73%
Cash On Cash
4.32%
Cap Rate
0.65
DSCR
$2,103
Rent
-$624
Cashflow
Cash Flow
$2,103 income − $2,727 expenses = $624 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,989
Downpayment
20%
$56,180
Closing costs
1%
$2,809
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,103
Total Expenses
$2,727
Mortgage P&I
74%
$1,552
Property Taxes
3%
$64
Home Insurance
5%
$102
HOA
0%
$0
Property Management
15%
$315
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$526