This property looks like a bad Airbnb investment with a projected -6.33% first-year return on $76,338 initial cash invested.
-6.33%
Cash On Cash
4.86%
Cap Rate
0.79
DSCR
$2,737
Rent
-$403
Cashflow
Cash Flow
$2,737 income − $3,140 expenses = $403 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,737
Total Expenses
$3,140
Mortgage P&I
52%
$1,418
Property Taxes
11%
$307
Home Insurance
4%
$102
HOA
0%
$0
Property Management
15%
$411
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$684