This property looks like a bad Airbnb investment with a projected -14.44% first-year return on $71,550 initial cash invested.
-14.44%
Cash On Cash
2.88%
Cap Rate
0.43
DSCR
$1,456
Rent
-$861
Cashflow
Cash Flow
$1,456 income − $2,317 expenses = $861 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,550
Downpayment
20%
$51,000
Closing costs
1%
$2,550
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,456
Total Expenses
$2,317
Mortgage P&I
97%
$1,414
Property Taxes
6%
$91
Home Insurance
6%
$89
HOA
2%
$25
Property Management
15%
$218
CapEx
4%
$58
Vacancy
0%
$0
Maintenance
4%
$58
Other
25%
$364