This property looks like a bad Airbnb investment with a projected -8.6% first-year return on $75,750 initial cash invested.
-8.6%
Cash On Cash
4.63%
Cap Rate
0.71
DSCR
$2,612
Rent
-$543
Cashflow
Cash Flow
$2,612 income − $3,155 expenses = $543 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,750
Downpayment
20%
$55,000
Closing costs
1%
$2,750
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,612
Total Expenses
$3,155
Mortgage P&I
57%
$1,501
Property Taxes
12%
$305
Home Insurance
4%
$96
HOA
0%
$0
Property Management
15%
$392
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$653