This property looks like a bad Airbnb investment with a projected -10.5% first-year return on $72,600 initial cash invested.
-10.5%
Cash On Cash
3.61%
Cap Rate
0.58
DSCR
$1,859
Rent
-$635
Cashflow
Cash Flow
$1,859 income − $2,494 expenses = $635 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,600
Downpayment
20%
$52,000
Closing costs
1%
$2,600
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,859
Total Expenses
$2,494
Mortgage P&I
72%
$1,343
Property Taxes
9%
$166
Home Insurance
5%
$93
HOA
0%
$0
Property Management
15%
$279
CapEx
4%
$74
Vacancy
0%
$0
Maintenance
4%
$74
Other
25%
$465