This property looks like a bad Airbnb investment with a projected -5.36% first-year return on $76,779 initial cash invested.
-5.36%
Cash On Cash
5.31%
Cap Rate
0.84
DSCR
$2,756
Rent
-$343
Cashflow
Cash Flow
$2,756 income − $3,099 expenses = $343 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,756
Total Expenses
$3,099
Mortgage P&I
53%
$1,471
Property Taxes
6%
$178
Home Insurance
4%
$98
HOA
1%
$30
Property Management
15%
$413
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$689