This property looks like a bad Airbnb investment with a projected -26.11% first-year return on $72,789 initial cash invested.
-26.11%
Cash On Cash
-0.65%
Cap Rate
-0.1
DSCR
$669
Rent
-$1,584
Cashflow
Cash Flow
$669 income − $2,253 expenses = $1,584 out of pocket
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,789
Downpayment
20%
$52,180
Closing costs
1%
$2,609
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$669
Total Expenses
$2,253
Mortgage P&I
212%
$1,415
Property Taxes
59%
$398
Home Insurance
13%
$89
HOA
4%
$30
Property Management
15%
$100
CapEx
4%
$27
Vacancy
0%
$0
Maintenance
4%
$27
Other
25%
$167