This property looks like a bad Airbnb investment with a projected -2.85% first-year return on $76,191 initial cash invested.
-2.85%
Cash On Cash
5.84%
Cap Rate
0.96
DSCR
$3,045
Rent
-$181
Cashflow
Cash Flow
$3,045 income − $3,226 expenses = $181 out of pocket
Investment Breakdown
|
Purchase Price
$277k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,191
Downpayment
20%
$55,420
Closing costs
1%
$2,771
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,045
Total Expenses
$3,226
Mortgage P&I
46%
$1,407
Property Taxes
8%
$242
Home Insurance
3%
$98
HOA
1%
$17
Property Management
15%
$457
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$761