This property looks like a bad Airbnb investment with a projected -16.06% first-year return on $74,889 initial cash invested.
-16.06%
Cash On Cash
2.41%
Cap Rate
0.37
DSCR
$1,949
Rent
-$1,002
Cashflow
Cash Flow
$1,949 income − $2,951 expenses = $1,002 out of pocket
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,889
Downpayment
20%
$54,180
Closing costs
1%
$2,709
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,949
Total Expenses
$2,951
Mortgage P&I
75%
$1,468
Property Taxes
23%
$452
Home Insurance
5%
$96
HOA
0%
$0
Property Management
15%
$292
CapEx
4%
$78
Vacancy
0%
$0
Maintenance
4%
$78
Other
25%
$487