This property looks like a bad Airbnb investment with a projected -4.37% first-year return on $75,729 initial cash invested.
-4.37%
Cash On Cash
5.32%
Cap Rate
0.89
DSCR
$3,300
Rent
-$276
Cashflow
Cash Flow
$3,300 income − $3,576 expenses = $276 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,729
Downpayment
20%
$54,980
Closing costs
1%
$2,749
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,300
Total Expenses
$3,576
Mortgage P&I
41%
$1,362
Property Taxes
16%
$534
Home Insurance
3%
$96
HOA
0%
$0
Property Management
15%
$495
CapEx
4%
$132
Vacancy
0%
$0
Maintenance
4%
$132
Other
25%
$825