This property looks like a bad Airbnb investment with a projected -7.5% first-year return on $72,201 initial cash invested.
-7.5%
Cash On Cash
4.98%
Cap Rate
0.75
DSCR
$2,439
Rent
-$451
Cashflow
Cash Flow
$2,439 income − $2,890 expenses = $451 out of pocket
Investment Breakdown
|
Purchase Price
$258k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,201
Downpayment
20%
$51,620
Closing costs
1%
$2,581
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,439
Total Expenses
$2,890
Mortgage P&I
58%
$1,424
Property Taxes
8%
$201
Home Insurance
4%
$93
HOA
0%
$0
Property Management
15%
$366
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$610