This property looks like a bad Airbnb investment with a projected -12.52% first-year return on $74,007 initial cash invested.
-12.52%
Cash On Cash
2.88%
Cap Rate
0.47
DSCR
$1,451
Rent
-$772
Cashflow
Cash Flow
$1,451 income − $2,223 expenses = $772 out of pocket
Investment Breakdown
|
Purchase Price
$267k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,007
Downpayment
20%
$53,340
Closing costs
1%
$2,667
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,451
Total Expenses
$2,223
Mortgage P&I
93%
$1,355
Property Taxes
0%
$5
Home Insurance
11%
$166
HOA
0%
$0
Property Management
15%
$218
CapEx
4%
$58
Vacancy
0%
$0
Maintenance
4%
$58
Other
25%
$363