This property looks like a bad Airbnb investment with a projected -14.81% first-year return on $75,687 initial cash invested.
-14.81%
Cash On Cash
2.35%
Cap Rate
0.38
DSCR
$1,656
Rent
-$934
Cashflow
Cash Flow
$1,656 income − $2,590 expenses = $934 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,687
Downpayment
20%
$54,940
Closing costs
1%
$2,747
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,656
Total Expenses
$2,590
Mortgage P&I
85%
$1,406
Property Taxes
16%
$259
Home Insurance
6%
$91
HOA
2%
$40
Property Management
15%
$248
CapEx
4%
$66
Vacancy
0%
$0
Maintenance
4%
$66
Other
25%
$414