This property looks like a bad Airbnb investment with a projected -6.83% first-year return on $71,487 initial cash invested.
-6.83%
Cash On Cash
4.73%
Cap Rate
0.75
DSCR
$2,005
Rent
-$407
Cashflow
Cash Flow
$2,005 income − $2,412 expenses = $407 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,487
Downpayment
20%
$50,940
Closing costs
1%
$2,547
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,005
Total Expenses
$2,412
Mortgage P&I
66%
$1,330
Property Taxes
1%
$29
Home Insurance
5%
$91
HOA
0%
$0
Property Management
15%
$301
CapEx
4%
$80
Vacancy
0%
$0
Maintenance
4%
$80
Other
25%
$501