This property looks like a bad Airbnb investment with a projected -5.31% first-year return on $76,380 initial cash invested.
-5.31%
Cash On Cash
5.71%
Cap Rate
0.87
DSCR
$3,288
Rent
-$338
Cashflow
Cash Flow
$3,288 income − $3,626 expenses = $338 out of pocket
Investment Breakdown
|
Purchase Price
$278k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,380
Downpayment
20%
$55,600
Closing costs
1%
$2,780
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,288
Total Expenses
$3,626
Mortgage P&I
46%
$1,528
Property Taxes
13%
$422
Home Insurance
3%
$97
HOA
0%
$0
Property Management
15%
$493
CapEx
4%
$132
Vacancy
0%
$0
Maintenance
4%
$132
Other
25%
$822