This property looks like a bad Airbnb investment with a projected -11.14% first-year return on $72,180 initial cash invested.
-11.14%
Cash On Cash
4.03%
Cap Rate
0.61
DSCR
$2,710
Rent
-$670
Cashflow
Cash Flow
$2,710 income − $3,380 expenses = $670 out of pocket
Investment Breakdown
|
Purchase Price
$258k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,180
Downpayment
20%
$51,600
Closing costs
1%
$2,580
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,710
Total Expenses
$3,380
Mortgage P&I
53%
$1,428
Property Taxes
21%
$562
Home Insurance
3%
$90
HOA
0%
$0
Property Management
15%
$406
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$678