This property looks like a bad Airbnb investment with a projected -8.52% first-year return on $75,750 initial cash invested.
-8.52%
Cash On Cash
4.87%
Cap Rate
0.73
DSCR
$2,966
Rent
-$538
Cashflow
Cash Flow
$2,966 income − $3,504 expenses = $538 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,750
Downpayment
20%
$55,000
Closing costs
1%
$2,750
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,966
Total Expenses
$3,504
Mortgage P&I
52%
$1,534
Property Taxes
15%
$449
Home Insurance
3%
$96
HOA
0%
$0
Property Management
15%
$445
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$742