This property looks like a bad Airbnb investment with a projected -15.74% first-year return on $75,015 initial cash invested.
-15.74%
Cash On Cash
2.78%
Cap Rate
0.41
DSCR
$2,201
Rent
-$984
Cashflow
Cash Flow
$2,201 income − $3,185 expenses = $984 out of pocket
Investment Breakdown
|
Purchase Price
$272k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,015
Downpayment
20%
$54,300
Closing costs
1%
$2,715
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,201
Total Expenses
$3,185
Mortgage P&I
69%
$1,524
Property Taxes
24%
$535
Home Insurance
3%
$70
HOA
0%
$0
Property Management
15%
$330
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$550