This property looks like a bad Airbnb investment with a projected -1.05% first-year return on $76,842 initial cash invested.
-1.05%
Cash On Cash
6.87%
Cap Rate
1.04
DSCR
$3,303
Rent
-$67
Cashflow
Cash Flow
$3,303 income − $3,370 expenses = $67 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,303
Total Expenses
$3,370
Mortgage P&I
47%
$1,539
Property Taxes
4%
$146
Home Insurance
3%
$100
HOA
0%
$0
Property Management
15%
$495
CapEx
4%
$132
Vacancy
0%
$0
Maintenance
4%
$132
Other
25%
$826