This property looks like a bad Airbnb investment with a projected -6.27% first-year return on $74,028 initial cash invested.
-6.27%
Cash On Cash
4.89%
Cap Rate
0.79
DSCR
$2,266
Rent
-$387
Cashflow
Cash Flow
$2,266 income − $2,653 expenses = $387 out of pocket
Investment Breakdown
|
Purchase Price
$267k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,028
Downpayment
20%
$53,360
Closing costs
1%
$2,668
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,266
Total Expenses
$2,653
Mortgage P&I
61%
$1,383
Property Taxes
4%
$88
Home Insurance
4%
$94
HOA
0%
$0
Property Management
15%
$340
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$566