This property looks like a bad Airbnb investment with a projected -5.38% first-year return on $72,978 initial cash invested.
-5.38%
Cash On Cash
5.87%
Cap Rate
0.86
DSCR
$2,896
Rent
-$327
Cashflow
Cash Flow
$2,896 income − $3,223 expenses = $327 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,978
Downpayment
20%
$52,360
Closing costs
1%
$2,618
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,896
Total Expenses
$3,223
Mortgage P&I
52%
$1,492
Property Taxes
9%
$248
Home Insurance
3%
$93
HOA
0%
$0
Property Management
15%
$434
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$724