This property looks like a bad Airbnb investment with a projected -14.81% first-year return on $72,915 initial cash invested.
-14.81%
Cash On Cash
2.89%
Cap Rate
0.43
DSCR
$1,679
Rent
-$900
Cashflow
Cash Flow
$1,679 income − $2,579 expenses = $900 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,915
Downpayment
20%
$52,300
Closing costs
1%
$2,615
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,679
Total Expenses
$2,579
Mortgage P&I
87%
$1,462
Property Taxes
13%
$217
Home Insurance
6%
$94
HOA
0%
$0
Property Management
15%
$252
CapEx
4%
$67
Vacancy
0%
$0
Maintenance
4%
$67
Other
25%
$420