This property looks like a bad Airbnb investment with a projected -4.16% first-year return on $71,319 initial cash invested.
-4.16%
Cash On Cash
5.97%
Cap Rate
0.9
DSCR
$2,780
Rent
-$247
Cashflow
Cash Flow
$2,780 income − $3,027 expenses = $247 out of pocket
Investment Breakdown
|
Purchase Price
$254k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,319
Downpayment
20%
$50,780
Closing costs
1%
$2,539
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,780
Total Expenses
$3,027
Mortgage P&I
50%
$1,400
Property Taxes
7%
$203
Home Insurance
3%
$90
HOA
0%
$0
Property Management
15%
$417
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$695