This property looks like a bad Airbnb investment with a projected -5.78% first-year return on $76,779 initial cash invested.
-5.78%
Cash On Cash
5.38%
Cap Rate
0.83
DSCR
$2,875
Rent
-$370
Cashflow
Cash Flow
$2,875 income − $3,245 expenses = $370 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,779
Downpayment
20%
$55,980
Closing costs
1%
$2,799
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,875
Total Expenses
$3,245
Mortgage P&I
52%
$1,509
Property Taxes
9%
$258
Home Insurance
3%
$98
HOA
0%
$0
Property Management
15%
$431
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$719