This property looks like a bad Airbnb investment with a projected -10.53% first-year return on $75,981 initial cash invested.
-10.53%
Cash On Cash
4.19%
Cap Rate
0.63
DSCR
$2,635
Rent
-$667
Cashflow
Cash Flow
$2,635 income − $3,302 expenses = $667 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,635
Total Expenses
$3,302
Mortgage P&I
58%
$1,527
Property Taxes
16%
$413
Home Insurance
4%
$98
HOA
0%
$0
Property Management
15%
$395
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$659