This property looks like a bad Airbnb investment with a projected -8.95% first-year return on $71,991 initial cash invested.
-8.95%
Cash On Cash
4.46%
Cap Rate
0.68
DSCR
$2,102
Rent
-$537
Cashflow
Cash Flow
$2,102 income − $2,639 expenses = $537 out of pocket
Investment Breakdown
|
Purchase Price
$257k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,991
Downpayment
20%
$51,420
Closing costs
1%
$2,571
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,102
Total Expenses
$2,639
Mortgage P&I
67%
$1,408
Property Taxes
6%
$131
Home Insurance
4%
$91
HOA
0%
$0
Property Management
15%
$315
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$526