This property looks like a bad Airbnb investment with a projected -2.8% first-year return on $73,650 initial cash invested.
-2.8%
Cash On Cash
5.9%
Cap Rate
0.95
DSCR
$2,612
Rent
-$172
Cashflow
Cash Flow
$2,612 income − $2,784 expenses = $172 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,650
Downpayment
20%
$53,000
Closing costs
1%
$2,650
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,612
Total Expenses
$2,784
Mortgage P&I
53%
$1,372
Property Taxes
3%
$66
Home Insurance
4%
$93
HOA
0%
$0
Property Management
15%
$392
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$653