This property looks like a bad Airbnb investment with a projected -1.18% first-year return on $74,952 initial cash invested.
-1.18%
Cash On Cash
6.63%
Cap Rate
1.03
DSCR
$2,908
Rent
-$74
Cashflow
Cash Flow
$2,908 income − $2,982 expenses = $74 out of pocket
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,952
Downpayment
20%
$54,240
Closing costs
1%
$2,712
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,908
Total Expenses
$2,982
Mortgage P&I
50%
$1,456
Property Taxes
2%
$68
Home Insurance
2%
$63
HOA
0%
$0
Property Management
15%
$436
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$727