This property looks like a bad Airbnb investment with a projected -7.05% first-year return on $71,970 initial cash invested.
-7.05%
Cash On Cash
4.66%
Cap Rate
0.75
DSCR
$2,169
Rent
-$423
Cashflow
Cash Flow
$2,169 income − $2,592 expenses = $423 out of pocket
Investment Breakdown
|
Purchase Price
$257k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,970
Downpayment
20%
$51,400
Closing costs
1%
$2,570
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,169
Total Expenses
$2,592
Mortgage P&I
62%
$1,335
Property Taxes
6%
$125
Home Insurance
4%
$91
HOA
0%
$0
Property Management
15%
$325
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$542