This property looks like a bad Airbnb investment with a projected -12.13% first-year return on $76,002 initial cash invested.
-12.13%
Cash On Cash
3.29%
Cap Rate
0.52
DSCR
$1,851
Rent
-$768
Cashflow
Cash Flow
$1,851 income − $2,619 expenses = $768 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,002
Downpayment
20%
$55,240
Closing costs
1%
$2,762
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,851
Total Expenses
$2,619
Mortgage P&I
78%
$1,451
Property Taxes
9%
$169
Home Insurance
6%
$110
HOA
0%
$0
Property Management
15%
$278
CapEx
4%
$74
Vacancy
0%
$0
Maintenance
4%
$74
Other
25%
$463