This property looks like a bad Airbnb investment with a projected -11.16% first-year return on $76,800 initial cash invested.
-11.16%
Cash On Cash
4.03%
Cap Rate
0.61
DSCR
$2,492
Rent
-$714
Cashflow
Cash Flow
$2,492 income − $3,206 expenses = $714 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,492
Total Expenses
$3,206
Mortgage P&I
62%
$1,555
Property Taxes
14%
$356
Home Insurance
4%
$98
HOA
0%
$0
Property Management
15%
$374
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$623