This property looks like a bad Airbnb investment with a projected -7.23% first-year return on $75,498 initial cash invested.
-7.23%
Cash On Cash
5.18%
Cap Rate
0.78
DSCR
$2,957
Rent
-$455
Cashflow
Cash Flow
$2,957 income − $3,412 expenses = $455 out of pocket
Investment Breakdown
|
Purchase Price
$274k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,498
Downpayment
20%
$54,760
Closing costs
1%
$2,738
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,957
Total Expenses
$3,412
Mortgage P&I
51%
$1,519
Property Taxes
13%
$378
Home Insurance
3%
$96
HOA
0%
$0
Property Management
15%
$444
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$739