This property looks like a bad Airbnb investment with a projected -8.12% first-year return on $72,600 initial cash invested.
-8.12%
Cash On Cash
4.75%
Cap Rate
0.72
DSCR
$2,232
Rent
-$491
Cashflow
Cash Flow
$2,232 income − $2,723 expenses = $491 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,600
Downpayment
20%
$52,000
Closing costs
1%
$2,600
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,232
Total Expenses
$2,723
Mortgage P&I
64%
$1,432
Property Taxes
6%
$129
Home Insurance
4%
$91
HOA
0%
$0
Property Management
15%
$335
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$558