This property looks like a bad Airbnb investment with a projected -12.84% first-year return on $73,650 initial cash invested.
-12.84%
Cash On Cash
3.41%
Cap Rate
0.51
DSCR
$1,602
Rent
-$788
Cashflow
Cash Flow
$1,602 income − $2,390 expenses = $788 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,650
Downpayment
20%
$53,000
Closing costs
1%
$2,650
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,602
Total Expenses
$2,390
Mortgage P&I
92%
$1,476
Property Taxes
3%
$53
Home Insurance
6%
$93
HOA
0%
$0
Property Management
15%
$240
CapEx
4%
$64
Vacancy
0%
$0
Maintenance
4%
$64
Other
25%
$400