This property looks like a bad Airbnb investment with a projected -0.37% first-year return on $76,989 initial cash invested.
-0.37%
Cash On Cash
7.08%
Cap Rate
1.07
DSCR
$3,226
Rent
-$24
Cashflow
Cash Flow
$3,226 income − $3,250 expenses = $24 out of pocket
Investment Breakdown
|
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,989
Downpayment
20%
$56,180
Closing costs
1%
$2,809
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,226
Total Expenses
$3,250
Mortgage P&I
48%
$1,552
Property Taxes
2%
$49
Home Insurance
3%
$101
HOA
0%
$0
Property Management
15%
$484
CapEx
4%
$129
Vacancy
0%
$0
Maintenance
4%
$129
Other
25%
$806