This property looks like a bad Airbnb investment with a projected -3.03% first-year return on $73,230 initial cash invested.
-3.03%
Cash On Cash
5.85%
Cap Rate
0.94
DSCR
$2,738
Rent
-$185
Cashflow
Cash Flow
$2,738 income − $2,923 expenses = $185 out of pocket
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,230
Downpayment
20%
$52,600
Closing costs
1%
$2,630
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,738
Total Expenses
$2,923
Mortgage P&I
50%
$1,357
Property Taxes
5%
$129
Home Insurance
4%
$122
HOA
0%
$0
Property Management
15%
$411
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$684