This property looks like a bad Airbnb investment with a projected -15.13% first-year return on $75,729 initial cash invested.
-15.13%
Cash On Cash
2.26%
Cap Rate
0.37
DSCR
$1,521
Rent
-$955
Cashflow
Cash Flow
$1,521 income − $2,476 expenses = $955 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,729
Downpayment
20%
$54,980
Closing costs
1%
$2,749
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,521
Total Expenses
$2,476
Mortgage P&I
93%
$1,411
Property Taxes
16%
$239
Home Insurance
6%
$96
HOA
0%
$0
Property Management
15%
$228
CapEx
4%
$61
Vacancy
0%
$0
Maintenance
4%
$61
Other
25%
$380