This property looks like a bad Airbnb investment with a projected -18.09% first-year return on $73,629 initial cash invested.
-18.09%
Cash On Cash
1.33%
Cap Rate
0.21
DSCR
$755
Rent
-$1,110
Cashflow
Cash Flow
$755 income − $1,865 expenses = $1,110 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,629
Downpayment
20%
$52,980
Closing costs
1%
$2,649
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$755
Total Expenses
$1,865
Mortgage P&I
182%
$1,374
Property Taxes
5%
$36
Home Insurance
12%
$93
HOA
0%
$0
Property Management
15%
$113
CapEx
4%
$30
Vacancy
0%
$0
Maintenance
4%
$30
Other
25%
$189