This property looks like a bad Airbnb investment with a projected -15.34% first-year return on $75,729 initial cash invested.
-15.34%
Cash On Cash
2.34%
Cap Rate
0.38
DSCR
$2,126
Rent
-$968
Cashflow
Cash Flow
$2,126 income − $3,094 expenses = $968 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,729
Downpayment
20%
$54,980
Closing costs
1%
$2,749
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,126
Total Expenses
$3,094
Mortgage P&I
67%
$1,420
Property Taxes
26%
$554
Home Insurance
5%
$99
HOA
0%
$0
Property Management
15%
$319
CapEx
4%
$85
Vacancy
0%
$0
Maintenance
4%
$85
Other
25%
$532