This property looks like a bad Airbnb investment with a projected -10.86% first-year return on $71,151 initial cash invested.
-10.86%
Cash On Cash
3.46%
Cap Rate
0.56
DSCR
$1,827
Rent
-$644
Cashflow
Cash Flow
$1,827 income − $2,471 expenses = $644 out of pocket
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,151
Downpayment
20%
$50,620
Closing costs
1%
$2,531
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,827
Total Expenses
$2,471
Mortgage P&I
71%
$1,301
Property Taxes
11%
$202
Home Insurance
5%
$91
HOA
0%
$0
Property Management
15%
$274
CapEx
4%
$73
Vacancy
0%
$0
Maintenance
4%
$73
Other
25%
$457