This property looks like a bad Airbnb investment with a projected -9.9% first-year return on $74,679 initial cash invested.
-9.9%
Cash On Cash
4.25%
Cap Rate
0.65
DSCR
$2,328
Rent
-$616
Cashflow
Cash Flow
$2,328 income − $2,944 expenses = $616 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,679
Downpayment
20%
$53,980
Closing costs
1%
$2,699
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,328
Total Expenses
$2,944
Mortgage P&I
63%
$1,478
Property Taxes
11%
$255
Home Insurance
4%
$94
HOA
0%
$0
Property Management
15%
$349
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$582