This property looks like a bad Airbnb investment with a projected -12.02% first-year return on $76,149 initial cash invested.
-12.02%
Cash On Cash
3.38%
Cap Rate
0.54
DSCR
$2,278
Rent
-$763
Cashflow
Cash Flow
$2,278 income − $3,041 expenses = $763 out of pocket
Investment Breakdown
|
Purchase Price
$277k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,149
Downpayment
20%
$55,380
Closing costs
1%
$2,769
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,278
Total Expenses
$3,041
Mortgage P&I
64%
$1,453
Property Taxes
17%
$396
Home Insurance
4%
$98
HOA
0%
$0
Property Management
15%
$342
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$570