This property looks like a bad Airbnb investment with a projected -12.78% first-year return on $72,579 initial cash invested.
-12.78%
Cash On Cash
3.58%
Cap Rate
0.53
DSCR
$1,827
Rent
-$773
Cashflow
Cash Flow
$1,827 income − $2,600 expenses = $773 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,579
Downpayment
20%
$51,980
Closing costs
1%
$2,599
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,827
Total Expenses
$2,600
Mortgage P&I
81%
$1,475
Property Taxes
9%
$157
Home Insurance
5%
$91
HOA
0%
$0
Property Management
15%
$274
CapEx
4%
$73
Vacancy
0%
$0
Maintenance
4%
$73
Other
25%
$457