This property looks like a bad Airbnb investment with a projected -10.11% first-year return on $75,939 initial cash invested.
-10.11%
Cash On Cash
3.68%
Cap Rate
0.61
DSCR
$2,332
Rent
-$640
Cashflow
Cash Flow
$2,332 income − $2,972 expenses = $640 out of pocket
Investment Breakdown
|
Purchase Price
$276k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,939
Downpayment
20%
$55,180
Closing costs
1%
$2,759
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,332
Total Expenses
$2,972
Mortgage P&I
60%
$1,393
Property Taxes
16%
$363
Home Insurance
4%
$97
HOA
0%
$0
Property Management
15%
$350
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$583