This property looks like a bad Airbnb investment with a projected -9.68% first-year return on $74,742 initial cash invested.
-9.68%
Cash On Cash
4.32%
Cap Rate
0.65
DSCR
$2,041
Rent
-$603
Cashflow
Cash Flow
$2,041 income − $2,644 expenses = $603 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,742
Downpayment
20%
$54,040
Closing costs
1%
$2,702
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,041
Total Expenses
$2,644
Mortgage P&I
73%
$1,494
Property Taxes
4%
$74
Home Insurance
5%
$96
HOA
0%
$0
Property Management
15%
$306
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$510