This property looks like a bad Airbnb investment with a projected -11.53% first-year return on $72,936 initial cash invested.
-11.53%
Cash On Cash
3.93%
Cap Rate
0.59
DSCR
$2,668
Rent
-$701
Cashflow
Cash Flow
$2,668 income − $3,369 expenses = $701 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,936
Downpayment
20%
$52,320
Closing costs
1%
$2,616
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,668
Total Expenses
$3,369
Mortgage P&I
54%
$1,450
Property Taxes
20%
$545
Home Insurance
3%
$93
HOA
0%
$0
Property Management
15%
$400
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$667