This property looks like a bad Airbnb investment with a projected -13.58% first-year return on $71,151 initial cash invested.
-13.58%
Cash On Cash
3.14%
Cap Rate
0.47
DSCR
$1,489
Rent
-$805
Cashflow
Cash Flow
$1,489 income − $2,294 expenses = $805 out of pocket
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,151
Downpayment
20%
$50,620
Closing costs
1%
$2,531
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,489
Total Expenses
$2,294
Mortgage P&I
95%
$1,408
Property Taxes
6%
$82
Home Insurance
6%
$89
HOA
0%
$0
Property Management
15%
$223
CapEx
4%
$60
Vacancy
0%
$0
Maintenance
4%
$60
Other
25%
$372