This property looks like a bad Airbnb investment with a projected -3.14% first-year return on $74,889 initial cash invested.
-3.14%
Cash On Cash
6.06%
Cap Rate
0.95
DSCR
$2,946
Rent
-$196
Cashflow
Cash Flow
$2,946 income − $3,142 expenses = $196 out of pocket
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,889
Downpayment
20%
$54,180
Closing costs
1%
$2,709
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,946
Total Expenses
$3,142
Mortgage P&I
49%
$1,446
Property Taxes
6%
$183
Home Insurance
3%
$99
HOA
0%
$0
Property Management
15%
$442
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$736