This property looks like a bad Airbnb investment with a projected -4.95% first-year return on $73,251 initial cash invested.
-4.95%
Cash On Cash
5.93%
Cap Rate
0.89
DSCR
$3,581
Rent
-$302
Cashflow
Cash Flow
$3,581 income − $3,883 expenses = $302 out of pocket
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,251
Downpayment
20%
$52,620
Closing costs
1%
$2,631
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,581
Total Expenses
$3,883
Mortgage P&I
41%
$1,459
Property Taxes
17%
$610
Home Insurance
3%
$96
HOA
0%
$0
Property Management
15%
$537
CapEx
4%
$143
Vacancy
0%
$0
Maintenance
4%
$143
Other
25%
$895