This property looks like a bad Airbnb investment with a projected -10.84% first-year return on $75,750 initial cash invested.
-10.84%
Cash On Cash
3.48%
Cap Rate
0.58
DSCR
$2,506
Rent
-$684
Cashflow
Cash Flow
$2,506 income − $3,190 expenses = $684 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,750
Downpayment
20%
$55,000
Closing costs
1%
$2,750
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,506
Total Expenses
$3,190
Mortgage P&I
55%
$1,381
Property Taxes
20%
$511
Home Insurance
4%
$96
HOA
0%
$0
Property Management
15%
$376
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$626