This property looks like a bad Airbnb investment with a projected -13.97% first-year return on $71,109 initial cash invested.
-13.97%
Cash On Cash
3.13%
Cap Rate
0.47
DSCR
$1,813
Rent
-$828
Cashflow
Cash Flow
$1,813 income − $2,641 expenses = $828 out of pocket
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,109
Downpayment
20%
$50,580
Closing costs
1%
$2,529
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,813
Total Expenses
$2,641
Mortgage P&I
78%
$1,415
Property Taxes
15%
$264
Home Insurance
5%
$91
HOA
0%
$0
Property Management
15%
$272
CapEx
4%
$73
Vacancy
0%
$0
Maintenance
4%
$73
Other
25%
$453