This property looks like a bad Airbnb investment with a projected -7.14% first-year return on $72,957 initial cash invested.
-7.14%
Cash On Cash
4.62%
Cap Rate
0.75
DSCR
$2,417
Rent
-$434
Cashflow
Cash Flow
$2,417 income − $2,851 expenses = $434 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,957
Downpayment
20%
$52,340
Closing costs
1%
$2,617
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,417
Total Expenses
$2,851
Mortgage P&I
56%
$1,344
Property Taxes
7%
$170
Home Insurance
4%
$94
HOA
3%
$82
Property Management
15%
$363
CapEx
4%
$97
Vacancy
0%
$0
Maintenance
4%
$97
Other
25%
$604