This property looks like a bad Airbnb investment with a projected -5.22% first-year return on $72,642 initial cash invested.
-5.22%
Cash On Cash
5.61%
Cap Rate
0.85
DSCR
$2,460
Rent
-$316
Cashflow
Cash Flow
$2,460 income − $2,776 expenses = $316 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,642
Downpayment
20%
$52,040
Closing costs
1%
$2,602
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,460
Total Expenses
$2,776
Mortgage P&I
58%
$1,435
Property Taxes
2%
$61
Home Insurance
4%
$100
HOA
0%
$0
Property Management
15%
$369
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$615