This property looks like a bad Airbnb investment with a projected -11.45% first-year return on $71,550 initial cash invested.
-11.45%
Cash On Cash
3.25%
Cap Rate
0.52
DSCR
$1,437
Rent
-$683
Cashflow
Cash Flow
$1,437 income − $2,120 expenses = $683 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,550
Downpayment
20%
$51,000
Closing costs
1%
$2,550
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,437
Total Expenses
$2,120
Mortgage P&I
92%
$1,316
Property Taxes
2%
$26
Home Insurance
6%
$89
HOA
0%
$0
Property Management
15%
$216
CapEx
4%
$57
Vacancy
0%
$0
Maintenance
4%
$57
Other
25%
$359