This property looks like a bad Airbnb investment with a projected -7.55% first-year return on $73,293 initial cash invested.
-7.55%
Cash On Cash
4.91%
Cap Rate
0.74
DSCR
$2,186
Rent
-$461
Cashflow
Cash Flow
$2,186 income − $2,647 expenses = $461 out of pocket
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,293
Downpayment
20%
$52,660
Closing costs
1%
$2,633
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,186
Total Expenses
$2,647
Mortgage P&I
66%
$1,452
Property Taxes
2%
$53
Home Insurance
4%
$94
HOA
0%
$0
Property Management
15%
$328
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$546