This property looks like a bad Airbnb investment with a projected -6.09% first-year return on $74,700 initial cash invested.
-6.09%
Cash On Cash
5.42%
Cap Rate
0.82
DSCR
$2,672
Rent
-$379
Cashflow
Cash Flow
$2,672 income − $3,051 expenses = $379 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,700
Downpayment
20%
$54,000
Closing costs
1%
$2,700
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,672
Total Expenses
$3,051
Mortgage P&I
56%
$1,492
Property Taxes
7%
$180
Home Insurance
4%
$96
HOA
0%
$0
Property Management
15%
$401
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$668