This property looks like a bad Airbnb investment with a projected -14.45% first-year return on $75,477 initial cash invested.
-14.45%
Cash On Cash
3%
Cap Rate
0.45
DSCR
$1,713
Rent
-$909
Cashflow
Cash Flow
$1,713 income − $2,622 expenses = $909 out of pocket
Investment Breakdown
|
Purchase Price
$274k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,477
Downpayment
20%
$54,740
Closing costs
1%
$2,737
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,713
Total Expenses
$2,622
Mortgage P&I
89%
$1,524
Property Taxes
10%
$177
Home Insurance
6%
$98
HOA
0%
$0
Property Management
15%
$257
CapEx
4%
$69
Vacancy
0%
$0
Maintenance
4%
$69
Other
25%
$428