This property looks like a bad Airbnb investment with a projected -7.36% first-year return on $75,981 initial cash invested.
-7.36%
Cash On Cash
4.49%
Cap Rate
0.74
DSCR
$2,363
Rent
-$466
Cashflow
Cash Flow
$2,363 income − $2,829 expenses = $466 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,981
Downpayment
20%
$55,220
Closing costs
1%
$2,761
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,363
Total Expenses
$2,829
Mortgage P&I
59%
$1,404
Property Taxes
8%
$187
Home Insurance
4%
$103
HOA
0%
$0
Property Management
15%
$354
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$591