This property looks like a bad Airbnb investment with a projected -7.15% first-year return on $71,340 initial cash invested.
-7.15%
Cash On Cash
5.19%
Cap Rate
0.77
DSCR
$2,535
Rent
-$425
Cashflow
Cash Flow
$2,535 income − $2,960 expenses = $425 out of pocket
Investment Breakdown
|
Purchase Price
$254k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,340
Downpayment
20%
$50,800
Closing costs
1%
$2,540
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,535
Total Expenses
$2,960
Mortgage P&I
56%
$1,423
Property Taxes
9%
$232
Home Insurance
4%
$89
HOA
0%
$0
Property Management
15%
$380
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$634