This property looks like a bad Airbnb investment with a projected -10.71% first-year return on $75,750 initial cash invested.
-10.71%
Cash On Cash
3.72%
Cap Rate
0.59
DSCR
$1,807
Rent
-$676
Cashflow
Cash Flow
$1,807 income − $2,483 expenses = $676 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,807
Total Expenses
$2,483
Mortgage P&I
81%
$1,456
Property Taxes
4%
$64
Home Insurance
5%
$96
HOA
0%
$0
Property Management
15%
$271
CapEx
4%
$72
Vacancy
0%
$0
Maintenance
4%
$72
Other
25%
$452