This property looks like a bad Airbnb investment with a projected -17.68% first-year return on $73,650 initial cash invested.
-17.68%
Cash On Cash
1.65%
Cap Rate
0.26
DSCR
$1,401
Rent
-$1,085
Cashflow
Cash Flow
$1,401 income − $2,486 expenses = $1,085 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,401
Total Expenses
$2,486
Mortgage P&I
100%
$1,394
Property Taxes
23%
$327
Home Insurance
7%
$93
HOA
0%
$0
Property Management
15%
$210
CapEx
4%
$56
Vacancy
0%
$0
Maintenance
4%
$56
Other
25%
$350