This property looks like a bad Airbnb investment with a projected -7.36% first-year return on $75,813 initial cash invested.
-7.36%
Cash On Cash
4.6%
Cap Rate
0.75
DSCR
$2,684
Rent
-$465
Cashflow
Cash Flow
$2,684 income − $3,149 expenses = $465 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,813
Downpayment
20%
$55,060
Closing costs
1%
$2,753
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,684
Total Expenses
$3,149
Mortgage P&I
53%
$1,413
Property Taxes
13%
$350
Home Insurance
4%
$98
HOA
0%
$0
Property Management
15%
$403
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$671