This property looks like a bad Airbnb investment with a projected -6.61% first-year return on $72,201 initial cash invested.
-6.61%
Cash On Cash
4.77%
Cap Rate
0.78
DSCR
$2,647
Rent
-$398
Cashflow
Cash Flow
$2,647 income − $3,045 expenses = $398 out of pocket
Investment Breakdown
|
Purchase Price
$258k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,201
Downpayment
20%
$51,620
Closing costs
1%
$2,581
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,647
Total Expenses
$3,045
Mortgage P&I
50%
$1,317
Property Taxes
14%
$364
Home Insurance
4%
$93
HOA
0%
$0
Property Management
15%
$397
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$662