This property looks like a bad Airbnb investment with a projected -7.1% first-year return on $75,750 initial cash invested.
-7.1%
Cash On Cash
4.46%
Cap Rate
0.74
DSCR
$2,347
Rent
-$448
Cashflow
Cash Flow
$2,347 income − $2,795 expenses = $448 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,750
Downpayment
20%
$55,000
Closing costs
1%
$2,750
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,347
Total Expenses
$2,795
Mortgage P&I
59%
$1,377
Property Taxes
8%
$195
Home Insurance
4%
$96
HOA
0%
$0
Property Management
15%
$352
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$587