This property looks like a bad Airbnb investment with a projected -4.85% first-year return on $74,700 initial cash invested.
-4.85%
Cash On Cash
5.54%
Cap Rate
0.87
DSCR
$2,950
Rent
-$302
Cashflow
Cash Flow
$2,950 income − $3,252 expenses = $302 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,700
Downpayment
20%
$54,000
Closing costs
1%
$2,700
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,950
Total Expenses
$3,252
Mortgage P&I
49%
$1,431
Property Taxes
10%
$307
Home Insurance
3%
$98
HOA
0%
$0
Property Management
15%
$442
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$738