This property looks like a bad Airbnb investment with a projected -18.04% first-year return on $74,301 initial cash invested.
-18.04%
Cash On Cash
1.38%
Cap Rate
0.23
DSCR
$1,358
Rent
-$1,117
Cashflow
Cash Flow
$1,358 income − $2,475 expenses = $1,117 out of pocket
Investment Breakdown
|
Purchase Price
$268k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,301
Downpayment
20%
$53,620
Closing costs
1%
$2,681
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,358
Total Expenses
$2,475
Mortgage P&I
101%
$1,372
Property Taxes
26%
$355
Home Insurance
7%
$96
HOA
0%
$0
Property Management
15%
$204
CapEx
4%
$54
Vacancy
0%
$0
Maintenance
4%
$54
Other
25%
$340