This property looks like a bad Airbnb investment with a projected -11.48% first-year return on $75,918 initial cash invested.
-11.48%
Cash On Cash
3.84%
Cap Rate
0.58
DSCR
$2,173
Rent
-$726
Cashflow
Cash Flow
$2,173 income − $2,899 expenses = $726 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,918
Downpayment
20%
$55,160
Closing costs
1%
$2,758
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,173
Total Expenses
$2,899
Mortgage P&I
70%
$1,521
Property Taxes
11%
$234
Home Insurance
4%
$97
HOA
0%
$4
Property Management
15%
$326
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$543