This property looks like a bad Airbnb investment with a projected -13.87% first-year return on $74,763 initial cash invested.
-13.87%
Cash On Cash
2.77%
Cap Rate
0.45
DSCR
$2,276
Rent
-$864
Cashflow
Cash Flow
$2,276 income − $3,140 expenses = $864 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,763
Downpayment
20%
$54,060
Closing costs
1%
$2,703
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,276
Total Expenses
$3,140
Mortgage P&I
61%
$1,396
Property Taxes
24%
$557
Home Insurance
4%
$95
HOA
0%
$0
Property Management
15%
$341
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$569