This property looks like a bad Airbnb investment with a projected -18.1% first-year return on $75,981 initial cash invested.
-18.1%
Cash On Cash
1.65%
Cap Rate
0.26
DSCR
$1,506
Rent
-$1,146
Cashflow
Cash Flow
$1,506 income − $2,652 expenses = $1,146 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,981
Downpayment
20%
$55,220
Closing costs
1%
$2,761
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,506
Total Expenses
$2,652
Mortgage P&I
97%
$1,466
Property Taxes
24%
$362
Home Insurance
7%
$102
HOA
0%
$0
Property Management
15%
$226
CapEx
4%
$60
Vacancy
0%
$0
Maintenance
4%
$60
Other
25%
$376