This property looks like a bad Airbnb investment with a projected -9.78% first-year return on $75,813 initial cash invested.
-9.78%
Cash On Cash
3.85%
Cap Rate
0.62
DSCR
$2,058
Rent
-$618
Cashflow
Cash Flow
$2,058 income − $2,676 expenses = $618 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,813
Downpayment
20%
$55,060
Closing costs
1%
$2,753
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,058
Total Expenses
$2,676
Mortgage P&I
69%
$1,420
Property Taxes
8%
$162
Home Insurance
5%
$107
HOA
0%
$0
Property Management
15%
$309
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$514