This property looks like a bad Airbnb investment with a projected -18.3% first-year return on $71,340 initial cash invested.
-18.3%
Cash On Cash
1.27%
Cap Rate
0.21
DSCR
$1,365
Rent
-$1,088
Cashflow
Cash Flow
$1,365 income − $2,453 expenses = $1,088 out of pocket
Investment Breakdown
|
Purchase Price
$254k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,340
Downpayment
20%
$50,800
Closing costs
1%
$2,540
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,365
Total Expenses
$2,453
Mortgage P&I
95%
$1,302
Property Taxes
30%
$404
Home Insurance
7%
$91
HOA
0%
$0
Property Management
15%
$205
CapEx
4%
$55
Vacancy
0%
$0
Maintenance
4%
$55
Other
25%
$341