This property looks like a bad Airbnb investment with a projected -14.36% first-year return on $72,768 initial cash invested.
-14.36%
Cash On Cash
2.42%
Cap Rate
0.39
DSCR
$1,539
Rent
-$871
Cashflow
Cash Flow
$1,539 income − $2,410 expenses = $871 out of pocket
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,768
Downpayment
20%
$52,160
Closing costs
1%
$2,608
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,539
Total Expenses
$2,410
Mortgage P&I
87%
$1,334
Property Taxes
16%
$245
Home Insurance
6%
$91
HOA
0%
$0
Property Management
15%
$231
CapEx
4%
$62
Vacancy
0%
$0
Maintenance
4%
$62
Other
25%
$385