This property looks like a bad Airbnb investment with a projected -11.34% first-year return on $74,154 initial cash invested.
-11.34%
Cash On Cash
3.23%
Cap Rate
0.53
DSCR
$1,714
Rent
-$701
Cashflow
Cash Flow
$1,714 income − $2,415 expenses = $701 out of pocket
Investment Breakdown
|
Purchase Price
$267k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,154
Downpayment
20%
$53,480
Closing costs
1%
$2,674
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,714
Total Expenses
$2,415
Mortgage P&I
79%
$1,352
Property Taxes
8%
$144
Home Insurance
6%
$96
HOA
0%
$0
Property Management
15%
$257
CapEx
4%
$69
Vacancy
0%
$0
Maintenance
4%
$69
Other
25%
$428