This property looks like a bad Airbnb investment with a projected -7.09% first-year return on $74,490 initial cash invested.
-7.09%
Cash On Cash
5.02%
Cap Rate
0.77
DSCR
$2,816
Rent
-$440
Cashflow
Cash Flow
$2,816 income − $3,256 expenses = $440 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,490
Downpayment
20%
$53,800
Closing costs
1%
$2,690
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,816
Total Expenses
$3,256
Mortgage P&I
52%
$1,453
Property Taxes
13%
$357
Home Insurance
3%
$94
HOA
0%
$0
Property Management
15%
$422
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$704