This property looks like a bad Airbnb investment with a projected -16.35% first-year return on $75,162 initial cash invested.
-16.35%
Cash On Cash
2.46%
Cap Rate
0.37
DSCR
$1,459
Rent
-$1,024
Cashflow
Cash Flow
$1,459 income − $2,483 expenses = $1,024 out of pocket
Investment Breakdown
|
Purchase Price
$272k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,162
Downpayment
20%
$54,440
Closing costs
1%
$2,722
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,459
Total Expenses
$2,483
Mortgage P&I
104%
$1,523
Property Taxes
11%
$162
Home Insurance
7%
$98
HOA
0%
$0
Property Management
15%
$219
CapEx
4%
$58
Vacancy
0%
$0
Maintenance
4%
$58
Other
25%
$365