This property looks like a bad Airbnb investment with a projected -2.56% first-year return on $73,650 initial cash invested.
-2.56%
Cash On Cash
6.48%
Cap Rate
0.97
DSCR
$2,836
Rent
-$157
Cashflow
Cash Flow
$2,836 income − $2,993 expenses = $157 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
$2,836
Total Expenses
$2,993
Mortgage P&I
52%
$1,476
Property Taxes
2%
$64
Home Insurance
3%
$93
HOA
0%
$0
Property Management
15%
$425
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$709