This property looks like a bad Airbnb investment with a projected -6.01% first-year return on $72,873 initial cash invested.
-6.01%
Cash On Cash
5.74%
Cap Rate
0.83
DSCR
$2,720
Rent
-$365
Cashflow
Cash Flow
$2,720 income − $3,085 expenses = $365 out of pocket
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,873
Downpayment
20%
$52,260
Closing costs
1%
$2,613
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,720
Total Expenses
$3,085
Mortgage P&I
55%
$1,506
Property Taxes
7%
$180
Home Insurance
3%
$93
HOA
0%
$0
Property Management
15%
$408
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$680