This property looks like a bad Airbnb investment with a projected -11.92% first-year return on $76,233 initial cash invested.
-11.92%
Cash On Cash
3.28%
Cap Rate
0.53
DSCR
$2,038
Rent
-$757
Cashflow
Cash Flow
$2,038 income − $2,795 expenses = $757 out of pocket
Investment Breakdown
|
Purchase Price
$277k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,233
Downpayment
20%
$55,460
Closing costs
1%
$2,773
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,038
Total Expenses
$2,795
Mortgage P&I
70%
$1,433
Property Taxes
14%
$284
Home Insurance
5%
$98
HOA
0%
$0
Property Management
15%
$306
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$510