This property looks like a bad Airbnb investment with a projected -13.47% first-year return on $73,650 initial cash invested.
-13.47%
Cash On Cash
3.22%
Cap Rate
0.48
DSCR
$1,830
Rent
-$827
Cashflow
Cash Flow
$1,830 income − $2,657 expenses = $827 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,650
Downpayment
20%
$53,000
Closing costs
1%
$2,650
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,830
Total Expenses
$2,657
Mortgage P&I
80%
$1,464
Property Taxes
12%
$222
Home Insurance
5%
$93
HOA
0%
$0
Property Management
15%
$274
CapEx
4%
$73
Vacancy
0%
$0
Maintenance
4%
$73
Other
25%
$458