This property looks like a bad Airbnb investment with a projected -12.11% first-year return on $75,729 initial cash invested.
-12.11%
Cash On Cash
3.25%
Cap Rate
0.52
DSCR
$2,017
Rent
-$764
Cashflow
Cash Flow
$2,017 income − $2,781 expenses = $764 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,729
Downpayment
20%
$54,980
Closing costs
1%
$2,749
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,017
Total Expenses
$2,781
Mortgage P&I
71%
$1,428
Property Taxes
10%
$198
Home Insurance
5%
$96
HOA
4%
$90
Property Management
15%
$303
CapEx
4%
$81
Vacancy
0%
$0
Maintenance
4%
$81
Other
25%
$504