This property looks like a bad Airbnb investment with a projected -19.27% first-year return on $76,023 initial cash invested.
-19.27%
Cash On Cash
1.23%
Cap Rate
0.19
DSCR
$993
Rent
-$1,221
Cashflow
Cash Flow
$993 income − $2,214 expenses = $1,221 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,023
Downpayment
20%
$55,260
Closing costs
1%
$2,763
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$993
Total Expenses
$2,214
Mortgage P&I
147%
$1,464
Property Taxes
17%
$173
Home Insurance
10%
$100
HOA
0%
$0
Property Management
15%
$149
CapEx
4%
$40
Vacancy
0%
$0
Maintenance
4%
$40
Other
25%
$248