This property looks like a bad Airbnb investment with a projected -16.19% first-year return on $72,852 initial cash invested.
-16.19%
Cash On Cash
2.28%
Cap Rate
0.36
DSCR
$2,290
Rent
-$983
Cashflow
Cash Flow
$2,290 income − $3,273 expenses = $983 out of pocket
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,852
Downpayment
20%
$52,240
Closing costs
1%
$2,612
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,290
Total Expenses
$3,273
Mortgage P&I
61%
$1,387
Property Taxes
20%
$459
Home Insurance
4%
$94
HOA
10%
$233
Property Management
15%
$344
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$572