This property looks like a bad Airbnb investment with a projected -2.01% first-year return on $72,810 initial cash invested.
-2.01%
Cash On Cash
6.17%
Cap Rate
0.99
DSCR
$2,672
Rent
-$122
Cashflow
Cash Flow
$2,672 income − $2,794 expenses = $122 out of pocket
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,810
Downpayment
20%
$52,200
Closing costs
1%
$2,610
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,672
Total Expenses
$2,794
Mortgage P&I
51%
$1,357
Property Taxes
2%
$58
Home Insurance
4%
$96
HOA
0%
$0
Property Management
15%
$401
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$668