This property looks like a bad Airbnb investment with a projected -4.38% first-year return on $76,170 initial cash invested.
-4.38%
Cash On Cash
5.91%
Cap Rate
0.9
DSCR
$3,098
Rent
-$278
Cashflow
Cash Flow
$3,098 income − $3,376 expenses = $278 out of pocket
Investment Breakdown
|
Purchase Price
$277k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,170
Downpayment
20%
$55,400
Closing costs
1%
$2,770
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,098
Total Expenses
$3,376
Mortgage P&I
49%
$1,518
Property Taxes
8%
$263
Home Insurance
3%
$100
HOA
0%
$8
Property Management
15%
$465
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$774