This property looks like a bad Airbnb investment with a projected -4.87% first-year return on $74,931 initial cash invested.
-4.87%
Cash On Cash
5.21%
Cap Rate
0.85
DSCR
$2,496
Rent
-$304
Cashflow
Cash Flow
$2,496 income − $2,800 expenses = $304 out of pocket
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,931
Downpayment
20%
$54,220
Closing costs
1%
$2,711
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,496
Total Expenses
$2,800
Mortgage P&I
55%
$1,381
Property Taxes
4%
$109
Home Insurance
4%
$112
HOA
0%
$0
Property Management
15%
$374
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$624