This property looks like a bad Airbnb investment with a projected -14.42% first-year return on $72,579 initial cash invested.
-14.42%
Cash On Cash
2.49%
Cap Rate
0.41
DSCR
$2,021
Rent
-$872
Cashflow
Cash Flow
$2,021 income − $2,893 expenses = $872 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,579
Downpayment
20%
$51,980
Closing costs
1%
$2,599
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,021
Total Expenses
$2,893
Mortgage P&I
66%
$1,331
Property Taxes
25%
$497
Home Insurance
5%
$91
HOA
0%
$4
Property Management
15%
$303
CapEx
4%
$81
Vacancy
0%
$0
Maintenance
4%
$81
Other
25%
$505