This property looks like a bad Airbnb investment with a projected -14.46% first-year return on $75,750 initial cash invested.
-14.46%
Cash On Cash
2.82%
Cap Rate
0.43
DSCR
$1,473
Rent
-$913
Cashflow
Cash Flow
$1,473 income − $2,386 expenses = $913 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,750
Downpayment
20%
$55,000
Closing costs
1%
$2,750
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,473
Total Expenses
$2,386
Mortgage P&I
102%
$1,501
Property Taxes
6%
$82
Home Insurance
7%
$96
HOA
0%
$0
Property Management
15%
$221
CapEx
4%
$59
Vacancy
0%
$0
Maintenance
4%
$59
Other
25%
$368