This property looks like a bad Airbnb investment with a projected -14.38% first-year return on $75,266 initial cash invested.
-14.38%
Cash On Cash
2.82%
Cap Rate
0.44
DSCR
$1,754
Rent
-$902
Cashflow
Cash Flow
$1,754 income − $2,656 expenses = $902 out of pocket
Investment Breakdown
|
Purchase Price
$273k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,266
Downpayment
20%
$54,539
Closing costs
1%
$2,727
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,754
Total Expenses
$2,656
Mortgage P&I
84%
$1,473
Property Taxes
14%
$247
Home Insurance
5%
$95
HOA
0%
$0
Property Management
15%
$263
CapEx
4%
$70
Vacancy
0%
$0
Maintenance
4%
$70
Other
25%
$438