This property looks like a bad Airbnb investment with a projected -9.23% first-year return on $76,149 initial cash invested.
-9.23%
Cash On Cash
4.55%
Cap Rate
0.69
DSCR
$2,698
Rent
-$586
Cashflow
Cash Flow
$2,698 income − $3,284 expenses = $586 out of pocket
Investment Breakdown
|
Purchase Price
$277k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,149
Downpayment
20%
$55,380
Closing costs
1%
$2,769
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,698
Total Expenses
$3,284
Mortgage P&I
57%
$1,527
Property Taxes
13%
$364
Home Insurance
4%
$98
HOA
0%
$0
Property Management
15%
$405
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$674