This property looks like a bad Airbnb investment with a projected -14.19% first-year return on $71,214 initial cash invested.
-14.19%
Cash On Cash
2.99%
Cap Rate
0.45
DSCR
$1,427
Rent
-$842
Cashflow
Cash Flow
$1,427 income − $2,269 expenses = $842 out of pocket
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,214
Downpayment
20%
$50,680
Closing costs
1%
$2,534
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,427
Total Expenses
$2,269
Mortgage P&I
99%
$1,417
Property Taxes
5%
$76
Home Insurance
6%
$91
HOA
0%
$0
Property Management
15%
$214
CapEx
4%
$57
Vacancy
0%
$0
Maintenance
4%
$57
Other
25%
$357