This property looks like a bad Airbnb investment with a projected -5.61% first-year return on $74,826 initial cash invested.
-5.61%
Cash On Cash
5.04%
Cap Rate
0.82
DSCR
$2,642
Rent
-$350
Cashflow
Cash Flow
$2,642 income − $2,992 expenses = $350 out of pocket
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,826
Downpayment
20%
$54,120
Closing costs
1%
$2,706
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,642
Total Expenses
$2,992
Mortgage P&I
52%
$1,380
Property Taxes
9%
$239
Home Insurance
4%
$105
HOA
0%
$0
Property Management
15%
$396
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$660