This property looks like a bad Airbnb investment with a projected -12.05% first-year return on $74,889 initial cash invested.
-12.05%
Cash On Cash
3.83%
Cap Rate
0.56
DSCR
$2,110
Rent
-$752
Cashflow
Cash Flow
$2,110 income − $2,862 expenses = $752 out of pocket
Investment Breakdown
|
Purchase Price
$271k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,889
Downpayment
20%
$54,180
Closing costs
1%
$2,709
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,110
Total Expenses
$2,862
Mortgage P&I
73%
$1,533
Property Taxes
8%
$179
Home Insurance
5%
$98
HOA
2%
$40
Property Management
15%
$316
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$528