This property looks like a bad Airbnb investment with a projected -12.63% first-year return on $74,679 initial cash invested.
-12.63%
Cash On Cash
3.62%
Cap Rate
0.54
DSCR
$1,961
Rent
-$786
Cashflow
Cash Flow
$1,961 income − $2,747 expenses = $786 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,679
Downpayment
20%
$53,980
Closing costs
1%
$2,699
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,961
Total Expenses
$2,747
Mortgage P&I
78%
$1,523
Property Taxes
7%
$145
Home Insurance
5%
$94
HOA
2%
$45
Property Management
15%
$294
CapEx
4%
$78
Vacancy
0%
$0
Maintenance
4%
$78
Other
25%
$490