This property looks like a bad Airbnb investment with a projected -8.82% first-year return on $74,700 initial cash invested.
-8.82%
Cash On Cash
4.13%
Cap Rate
0.67
DSCR
$2,147
Rent
-$549
Cashflow
Cash Flow
$2,147 income − $2,696 expenses = $549 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,147
Total Expenses
$2,696
Mortgage P&I
65%
$1,392
Property Taxes
8%
$179
Home Insurance
4%
$94
HOA
0%
$0
Property Management
15%
$322
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$537