This property looks like a bad Airbnb investment with a projected -11.69% first-year return on $73,902 initial cash invested.
-11.69%
Cash On Cash
3.84%
Cap Rate
0.57
DSCR
$1,905
Rent
-$720
Cashflow
Cash Flow
$1,905 income − $2,625 expenses = $720 out of pocket
Investment Breakdown
|
Purchase Price
$266k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,902
Downpayment
20%
$53,240
Closing costs
1%
$2,662
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,905
Total Expenses
$2,625
Mortgage P&I
78%
$1,495
Property Taxes
7%
$128
Home Insurance
5%
$88
HOA
0%
$0
Property Management
15%
$286
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$476