This property looks like a bad Airbnb investment with a projected -2.55% first-year return on $75,834 initial cash invested.
-2.55%
Cash On Cash
5.91%
Cap Rate
0.96
DSCR
$2,720
Rent
-$161
Cashflow
Cash Flow
$2,720 income − $2,881 expenses = $161 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,834
Downpayment
20%
$55,080
Closing costs
1%
$2,754
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,720
Total Expenses
$2,881
Mortgage P&I
52%
$1,409
Property Taxes
2%
$66
Home Insurance
4%
$100
HOA
0%
$0
Property Management
15%
$408
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$680