This property looks like a bad Airbnb investment with a projected -12.7% first-year return on $71,739 initial cash invested.
-12.7%
Cash On Cash
3.52%
Cap Rate
0.52
DSCR
$1,951
Rent
-$759
Cashflow
Cash Flow
$1,951 income − $2,710 expenses = $759 out of pocket
Investment Breakdown
|
Purchase Price
$256k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,739
Downpayment
20%
$51,180
Closing costs
1%
$2,559
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,951
Total Expenses
$2,710
Mortgage P&I
73%
$1,431
Property Taxes
11%
$215
Home Insurance
5%
$90
HOA
2%
$37
Property Management
15%
$293
CapEx
4%
$78
Vacancy
0%
$0
Maintenance
4%
$78
Other
25%
$488