This property looks like a bad Airbnb investment with a projected -16.64% first-year return on $75,435 initial cash invested.
-16.64%
Cash On Cash
2%
Cap Rate
0.32
DSCR
$2,278
Rent
-$1,046
Cashflow
Cash Flow
$2,278 income − $3,324 expenses = $1,046 out of pocket
Investment Breakdown
|
Purchase Price
$274k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,435
Downpayment
20%
$54,700
Closing costs
1%
$2,735
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,278
Total Expenses
$3,324
Mortgage P&I
62%
$1,410
Property Taxes
32%
$720
Home Insurance
4%
$100
HOA
0%
$0
Property Management
15%
$342
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$570