This property looks like a bad Airbnb investment with a projected -10.53% first-year return on $76,233 initial cash invested.
-10.53%
Cash On Cash
3.69%
Cap Rate
0.6
DSCR
$2,431
Rent
-$669
Cashflow
Cash Flow
$2,431 income − $3,100 expenses = $669 out of pocket
Investment Breakdown
|
Purchase Price
$277k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,233
Downpayment
20%
$55,460
Closing costs
1%
$2,773
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,431
Total Expenses
$3,100
Mortgage P&I
59%
$1,424
Property Taxes
17%
$411
Home Insurance
4%
$98
HOA
0%
$0
Property Management
15%
$365
CapEx
4%
$97
Vacancy
0%
$0
Maintenance
4%
$97
Other
25%
$608