This property looks like a bad Airbnb investment with a projected -6.36% first-year return on $76,758 initial cash invested.
-6.36%
Cash On Cash
5.22%
Cap Rate
0.81
DSCR
$2,985
Rent
-$407
Cashflow
Cash Flow
$2,985 income − $3,392 expenses = $407 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,758
Downpayment
20%
$55,960
Closing costs
1%
$2,798
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,985
Total Expenses
$3,392
Mortgage P&I
50%
$1,504
Property Taxes
11%
$340
Home Insurance
4%
$116
HOA
0%
$0
Property Management
15%
$448
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$746