This property looks like a bad Airbnb investment with a projected -12.08% first-year return on $73,125 initial cash invested.
-12.08%
Cash On Cash
3.65%
Cap Rate
0.54
DSCR
$1,649
Rent
-$736
Cashflow
Cash Flow
$1,649 income − $2,385 expenses = $736 out of pocket
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,125
Downpayment
20%
$52,500
Closing costs
1%
$2,625
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,649
Total Expenses
$2,385
Mortgage P&I
89%
$1,468
Property Taxes
2%
$34
Home Insurance
6%
$92
HOA
0%
$0
Property Management
15%
$247
CapEx
4%
$66
Vacancy
0%
$0
Maintenance
4%
$66
Other
25%
$412