This property looks like a bad Airbnb investment with a projected -2.22% first-year return on $75,708 initial cash invested.
-2.22%
Cash On Cash
5.99%
Cap Rate
0.98
DSCR
$2,819
Rent
-$140
Cashflow
Cash Flow
$2,819 income − $2,959 expenses = $140 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,708
Downpayment
20%
$54,960
Closing costs
1%
$2,748
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,819
Total Expenses
$2,959
Mortgage P&I
50%
$1,398
Property Taxes
4%
$105
Home Insurance
4%
$102
HOA
0%
$0
Property Management
15%
$423
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$705