This property looks like a bad Airbnb investment with a projected -4.82% first-year return on $71,697 initial cash invested.
-4.82%
Cash On Cash
5.28%
Cap Rate
0.87
DSCR
$2,847
Rent
-$288
Cashflow
Cash Flow
$2,847 income − $3,135 expenses = $288 out of pocket
Investment Breakdown
|
Purchase Price
$256k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,697
Downpayment
20%
$51,140
Closing costs
1%
$2,557
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,847
Total Expenses
$3,135
Mortgage P&I
46%
$1,300
Property Taxes
13%
$376
Home Insurance
3%
$92
HOA
0%
$0
Property Management
15%
$427
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$712