This property looks like a bad Airbnb investment with a projected -10.3% first-year return on $75,750 initial cash invested.
-10.3%
Cash On Cash
3.63%
Cap Rate
0.59
DSCR
$1,824
Rent
-$650
Cashflow
Cash Flow
$1,824 income − $2,474 expenses = $650 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,750
Downpayment
20%
$55,000
Closing costs
1%
$2,750
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,824
Total Expenses
$2,474
Mortgage P&I
77%
$1,410
Property Taxes
5%
$92
Home Insurance
5%
$96
HOA
0%
$0
Property Management
15%
$274
CapEx
4%
$73
Vacancy
0%
$0
Maintenance
4%
$73
Other
25%
$456