This property looks like a bad Airbnb investment with a projected -8.16% first-year return on $76,338 initial cash invested.
-8.16%
Cash On Cash
4.22%
Cap Rate
0.69
DSCR
$2,104
Rent
-$519
Cashflow
Cash Flow
$2,104 income − $2,623 expenses = $519 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,338
Downpayment
20%
$55,560
Closing costs
1%
$2,778
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,104
Total Expenses
$2,623
Mortgage P&I
67%
$1,411
Property Taxes
4%
$86
Home Insurance
6%
$116
HOA
0%
$0
Property Management
15%
$316
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$526