This property looks like a bad Airbnb investment with a projected -17.63% first-year return on $74,553 initial cash invested.
-17.63%
Cash On Cash
2.08%
Cap Rate
0.31
DSCR
$1,713
Rent
-$1,095
Cashflow
Cash Flow
$1,713 income − $2,808 expenses = $1,095 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,553
Downpayment
20%
$53,860
Closing costs
1%
$2,693
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,713
Total Expenses
$2,808
Mortgage P&I
87%
$1,492
Property Taxes
23%
$397
Home Insurance
6%
$96
HOA
0%
$0
Property Management
15%
$257
CapEx
4%
$69
Vacancy
0%
$0
Maintenance
4%
$69
Other
25%
$428