This property looks like a bad Airbnb investment with a projected -8.69% first-year return on $71,361 initial cash invested.
-8.69%
Cash On Cash
3.99%
Cap Rate
0.66
DSCR
$1,838
Rent
-$517
Cashflow
Cash Flow
$1,838 income − $2,355 expenses = $517 out of pocket
Investment Breakdown
|
Purchase Price
$254k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,361
Downpayment
20%
$50,820
Closing costs
1%
$2,541
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,838
Total Expenses
$2,355
Mortgage P&I
70%
$1,288
Property Taxes
5%
$92
Home Insurance
5%
$91
HOA
0%
$0
Property Management
15%
$276
CapEx
4%
$74
Vacancy
0%
$0
Maintenance
4%
$74
Other
25%
$460