This property looks like a bad Airbnb investment with a projected -5.85% first-year return on $75,855 initial cash invested.
-5.85%
Cash On Cash
5.05%
Cap Rate
0.82
DSCR
$3,070
Rent
-$370
Cashflow
Cash Flow
$3,070 income − $3,440 expenses = $370 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,855
Downpayment
20%
$55,100
Closing costs
1%
$2,755
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,070
Total Expenses
$3,440
Mortgage P&I
46%
$1,407
Property Taxes
15%
$463
Home Insurance
3%
$96
HOA
0%
$0
Property Management
15%
$460
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$768