This property looks like a bad Airbnb investment with a projected -0.75% first-year return on $71,781 initial cash invested.
-0.75%
Cash On Cash
6.74%
Cap Rate
1.06
DSCR
$3,228
Rent
-$45
Cashflow
Cash Flow
$3,228 income − $3,273 expenses = $45 out of pocket
Investment Breakdown
|
Purchase Price
$256k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,781
Downpayment
20%
$51,220
Closing costs
1%
$2,561
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,228
Total Expenses
$3,273
Mortgage P&I
42%
$1,354
Property Taxes
9%
$276
Home Insurance
3%
$94
HOA
0%
$0
Property Management
15%
$484
CapEx
4%
$129
Vacancy
0%
$0
Maintenance
4%
$129
Other
25%
$807