This property looks like a bad Airbnb investment with a projected -10.03% first-year return on $75,729 initial cash invested.
-10.03%
Cash On Cash
3.78%
Cap Rate
0.61
DSCR
$1,766
Rent
-$633
Cashflow
Cash Flow
$1,766 income − $2,399 expenses = $633 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,729
Downpayment
20%
$54,980
Closing costs
1%
$2,749
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,766
Total Expenses
$2,399
Mortgage P&I
81%
$1,429
Property Taxes
1%
$25
Home Insurance
5%
$96
HOA
0%
$0
Property Management
15%
$265
CapEx
4%
$71
Vacancy
0%
$0
Maintenance
4%
$71
Other
25%
$442