This property looks like a bad Airbnb investment with a projected -5.49% first-year return on $72,390 initial cash invested.
-5.49%
Cash On Cash
5.78%
Cap Rate
0.86
DSCR
$3,188
Rent
-$331
Cashflow
Cash Flow
$3,188 income − $3,519 expenses = $331 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,390
Downpayment
20%
$51,800
Closing costs
1%
$2,590
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,188
Total Expenses
$3,519
Mortgage P&I
46%
$1,451
Property Taxes
12%
$377
Home Insurance
3%
$91
HOA
2%
$69
Property Management
15%
$478
CapEx
4%
$128
Vacancy
0%
$0
Maintenance
4%
$128
Other
25%
$797