This property looks like a bad Airbnb investment with a projected -4.94% first-year return on $74,595 initial cash invested.
-4.94%
Cash On Cash
5.81%
Cap Rate
0.87
DSCR
$2,839
Rent
-$307
Cashflow
Cash Flow
$2,839 income − $3,146 expenses = $307 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,595
Downpayment
20%
$53,900
Closing costs
1%
$2,695
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,839
Total Expenses
$3,146
Mortgage P&I
53%
$1,498
Property Taxes
7%
$187
Home Insurance
3%
$97
HOA
0%
$0
Property Management
15%
$426
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$710