This property looks like a bad Airbnb investment with a projected -7.74% first-year return on $75,792 initial cash invested.
-7.74%
Cash On Cash
4.55%
Cap Rate
0.74
DSCR
$2,884
Rent
-$489
Cashflow
Cash Flow
$2,884 income − $3,373 expenses = $489 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,792
Downpayment
20%
$55,040
Closing costs
1%
$2,752
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,884
Total Expenses
$3,373
Mortgage P&I
49%
$1,418
Property Taxes
16%
$475
Home Insurance
3%
$96
HOA
0%
$0
Property Management
15%
$433
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$721