This property looks like a bad Airbnb investment with a projected -13.81% first-year return on $72,579 initial cash invested.
-13.81%
Cash On Cash
3.1%
Cap Rate
0.47
DSCR
$1,838
Rent
-$835
Cashflow
Cash Flow
$1,838 income − $2,673 expenses = $835 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,838
Total Expenses
$2,673
Mortgage P&I
78%
$1,433
Property Taxes
14%
$265
Home Insurance
5%
$91
HOA
0%
$0
Property Management
15%
$276
CapEx
4%
$74
Vacancy
0%
$0
Maintenance
4%
$74
Other
25%
$460