This property looks like a bad Airbnb investment with a projected -10.06% first-year return on $75,876 initial cash invested.
-10.06%
Cash On Cash
3.89%
Cap Rate
0.62
DSCR
$2,147
Rent
-$636
Cashflow
Cash Flow
$2,147 income − $2,783 expenses = $636 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,876
Downpayment
20%
$55,120
Closing costs
1%
$2,756
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,147
Total Expenses
$2,783
Mortgage P&I
67%
$1,443
Property Taxes
10%
$209
Home Insurance
5%
$100
HOA
0%
$0
Property Management
15%
$322
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$537