This property looks like a bad Airbnb investment with a projected -6.81% first-year return on $75,771 initial cash invested.
-6.81%
Cash On Cash
5.25%
Cap Rate
0.79
DSCR
$2,692
Rent
-$430
Cashflow
Cash Flow
$2,692 income − $3,122 expenses = $430 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,771
Downpayment
20%
$55,020
Closing costs
1%
$2,751
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,692
Total Expenses
$3,122
Mortgage P&I
57%
$1,525
Property Taxes
4%
$119
Home Insurance
4%
$100
HOA
3%
$85
Property Management
15%
$404
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$673