This property looks like a bad Airbnb investment with a projected -17.52% first-year return on $75,603 initial cash invested.
-17.52%
Cash On Cash
1.8%
Cap Rate
0.28
DSCR
$1,507
Rent
-$1,104
Cashflow
Cash Flow
$1,507 income − $2,611 expenses = $1,104 out of pocket
Investment Breakdown
|
Purchase Price
$274k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,603
Downpayment
20%
$54,860
Closing costs
1%
$2,743
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,507
Total Expenses
$2,611
Mortgage P&I
97%
$1,456
Property Taxes
22%
$332
Home Insurance
7%
$100
HOA
0%
$0
Property Management
15%
$226
CapEx
4%
$60
Vacancy
0%
$0
Maintenance
4%
$60
Other
25%
$377