This property looks like a bad Airbnb investment with a projected -10.58% first-year return on $75,687 initial cash invested.
-10.58%
Cash On Cash
4.15%
Cap Rate
0.62
DSCR
$2,409
Rent
-$667
Cashflow
Cash Flow
$2,409 income − $3,076 expenses = $667 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,687
Downpayment
20%
$54,940
Closing costs
1%
$2,747
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,409
Total Expenses
$3,076
Mortgage P&I
63%
$1,522
Property Taxes
13%
$308
Home Insurance
4%
$91
HOA
0%
$0
Property Management
15%
$361
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$602