This property looks like a bad Airbnb investment with a projected -9.89% first-year return on $76,842 initial cash invested.
-9.89%
Cash On Cash
3.94%
Cap Rate
0.64
DSCR
$2,840
Rent
-$633
Cashflow
Cash Flow
$2,840 income − $3,473 expenses = $633 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,842
Downpayment
20%
$56,040
Closing costs
1%
$2,802
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,840
Total Expenses
$3,473
Mortgage P&I
51%
$1,439
Property Taxes
20%
$568
Home Insurance
4%
$102
HOA
0%
$0
Property Management
15%
$426
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$710