This property looks like a bad Airbnb investment with a projected -6.2% first-year return on $74,490 initial cash invested.
-6.2%
Cash On Cash
5.27%
Cap Rate
0.82
DSCR
$3,054
Rent
-$385
Cashflow
Cash Flow
$3,054 income − $3,439 expenses = $385 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,490
Downpayment
20%
$53,800
Closing costs
1%
$2,690
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,054
Total Expenses
$3,439
Mortgage P&I
47%
$1,445
Property Taxes
13%
$404
Home Insurance
3%
$94
HOA
1%
$30
Property Management
15%
$458
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$764