This property looks like a bad Airbnb investment with a projected -17.67% first-year return on $72,390 initial cash invested.
-17.67%
Cash On Cash
1.99%
Cap Rate
0.3
DSCR
$1,348
Rent
-$1,066
Cashflow
Cash Flow
$1,348 income − $2,414 expenses = $1,066 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,390
Downpayment
20%
$51,800
Closing costs
1%
$2,590
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,348
Total Expenses
$2,414
Mortgage P&I
107%
$1,442
Property Taxes
17%
$234
Home Insurance
7%
$91
HOA
0%
$0
Property Management
15%
$202
CapEx
4%
$54
Vacancy
0%
$0
Maintenance
4%
$54
Other
25%
$337