This property looks like a bad Airbnb investment with a projected -10.01% first-year return on $75,750 initial cash invested.
-10.01%
Cash On Cash
3.77%
Cap Rate
0.61
DSCR
$1,779
Rent
-$632
Cashflow
Cash Flow
$1,779 income − $2,411 expenses = $632 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,750
Downpayment
20%
$55,000
Closing costs
1%
$2,750
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,779
Total Expenses
$2,411
Mortgage P&I
80%
$1,424
Property Taxes
2%
$37
Home Insurance
5%
$96
HOA
0%
$0
Property Management
15%
$267
CapEx
4%
$71
Vacancy
0%
$0
Maintenance
4%
$71
Other
25%
$445