This property looks like a bad Airbnb investment with a projected -4.88% first-year return on $72,579 initial cash invested.
-4.88%
Cash On Cash
5.86%
Cap Rate
0.87
DSCR
$2,826
Rent
-$295
Cashflow
Cash Flow
$2,826 income − $3,121 expenses = $295 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,579
Downpayment
20%
$51,980
Closing costs
1%
$2,599
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,826
Total Expenses
$3,121
Mortgage P&I
51%
$1,452
Property Taxes
8%
$222
Home Insurance
3%
$91
HOA
0%
$0
Property Management
15%
$424
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$706