This property looks like a bad Airbnb investment with a projected -4.23% first-year return on $76,968 initial cash invested.
-4.23%
Cash On Cash
5.55%
Cap Rate
0.89
DSCR
$2,657
Rent
-$271
Cashflow
Cash Flow
$2,657 income − $2,928 expenses = $271 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,968
Downpayment
20%
$56,160
Closing costs
1%
$2,808
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,657
Total Expenses
$2,928
Mortgage P&I
55%
$1,463
Property Taxes
5%
$124
Home Insurance
2%
$66
HOA
0%
$0
Property Management
15%
$399
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$664