This property looks like a bad Airbnb investment with a projected -19.04% first-year return on $75,813 initial cash invested.
-19.04%
Cash On Cash
1.4%
Cap Rate
0.22
DSCR
$1,089
Rent
-$1,203
Cashflow
Cash Flow
$1,089 income − $2,292 expenses = $1,203 out of pocket
Investment Breakdown
|
Purchase Price
$275k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,813
Downpayment
20%
$55,060
Closing costs
1%
$2,753
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,089
Total Expenses
$2,292
Mortgage P&I
136%
$1,480
Property Taxes
18%
$191
Home Insurance
9%
$98
HOA
0%
$0
Property Management
15%
$163
CapEx
4%
$44
Vacancy
0%
$0
Maintenance
4%
$44
Other
25%
$272