This property looks like a bad Airbnb investment with a projected -4.66% first-year return on $74,700 initial cash invested.
-4.66%
Cash On Cash
5.79%
Cap Rate
0.88
DSCR
$2,856
Rent
-$290
Cashflow
Cash Flow
$2,856 income − $3,146 expenses = $290 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,856
Total Expenses
$3,146
Mortgage P&I
52%
$1,479
Property Taxes
7%
$203
Home Insurance
3%
$94
HOA
0%
$0
Property Management
15%
$428
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$714