This property looks like a bad Airbnb investment with a projected -5.49% first-year return on $76,506 initial cash invested.
-5.49%
Cash On Cash
5.18%
Cap Rate
0.84
DSCR
$3,083
Rent
-$350
Cashflow
Cash Flow
$3,083 income − $3,433 expenses = $350 out of pocket
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,506
Downpayment
20%
$55,720
Closing costs
1%
$2,786
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,083
Total Expenses
$3,433
Mortgage P&I
46%
$1,429
Property Taxes
14%
$427
Home Insurance
3%
$98
HOA
0%
$0
Property Management
15%
$462
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$771