This property looks like a bad Airbnb investment with a projected -4.1% first-year return on $75,540 initial cash invested.
-4.1%
Cash On Cash
5.51%
Cap Rate
0.89
DSCR
$2,713
Rent
-$258
Cashflow
Cash Flow
$2,713 income − $2,971 expenses = $258 out of pocket
Investment Breakdown
|
Purchase Price
$274k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,540
Downpayment
20%
$54,800
Closing costs
1%
$2,740
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,713
Total Expenses
$2,971
Mortgage P&I
52%
$1,406
Property Taxes
6%
$154
Home Insurance
4%
$108
HOA
0%
$0
Property Management
15%
$407
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$678