This property looks like a bad Airbnb investment with a projected -5.86% first-year return on $76,779 initial cash invested.
-5.86%
Cash On Cash
5.22%
Cap Rate
0.82
DSCR
$2,644
Rent
-$375
Cashflow
Cash Flow
$2,644 income − $3,019 expenses = $375 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,644
Total Expenses
$3,019
Mortgage P&I
56%
$1,487
Property Taxes
6%
$164
Home Insurance
4%
$98
HOA
0%
$0
Property Management
15%
$397
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$661