This property looks like a bad Airbnb investment with a projected -14.5% first-year return on $72,495 initial cash invested.
-14.5%
Cash On Cash
2.37%
Cap Rate
0.38
DSCR
$1,368
Rent
-$876
Cashflow
Cash Flow
$1,368 income − $2,244 expenses = $876 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,495
Downpayment
20%
$51,900
Closing costs
1%
$2,595
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,368
Total Expenses
$2,244
Mortgage P&I
97%
$1,333
Property Taxes
12%
$163
Home Insurance
7%
$91
HOA
0%
$0
Property Management
15%
$205
CapEx
4%
$55
Vacancy
0%
$0
Maintenance
4%
$55
Other
25%
$342