This property looks like a bad Airbnb investment with a projected -12.9% first-year return on $75,729 initial cash invested.
-12.9%
Cash On Cash
3.57%
Cap Rate
0.53
DSCR
$2,248
Rent
-$814
Cashflow
Cash Flow
$2,248 income − $3,062 expenses = $814 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,248
Total Expenses
$3,062
Mortgage P&I
69%
$1,541
Property Taxes
13%
$286
Home Insurance
4%
$96
HOA
3%
$60
Property Management
15%
$337
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$562