This property looks like a bad Airbnb investment with a projected -7.27% first-year return on $76,800 initial cash invested.
-7.27%
Cash On Cash
5.23%
Cap Rate
0.78
DSCR
$3,070
Rent
-$465
Cashflow
Cash Flow
$3,070 income − $3,535 expenses = $465 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,800
Downpayment
20%
$56,000
Closing costs
1%
$2,800
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,070
Total Expenses
$3,535
Mortgage P&I
51%
$1,562
Property Taxes
12%
$371
Home Insurance
3%
$98
HOA
1%
$30
Property Management
15%
$460
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$768