This property looks like a bad Airbnb investment with a projected -8.47% first-year return on $72,684 initial cash invested.
-8.47%
Cash On Cash
4.87%
Cap Rate
0.72
DSCR
$2,558
Rent
-$513
Cashflow
Cash Flow
$2,558 income − $3,071 expenses = $513 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,684
Downpayment
20%
$52,080
Closing costs
1%
$2,604
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,558
Total Expenses
$3,071
Mortgage P&I
57%
$1,467
Property Taxes
11%
$285
Home Insurance
4%
$91
HOA
0%
$0
Property Management
15%
$384
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$640