This property looks like a bad Airbnb investment with a projected -12.03% first-year return on $74,091 initial cash invested.
-12.03%
Cash On Cash
3.61%
Cap Rate
0.55
DSCR
$1,975
Rent
-$743
Cashflow
Cash Flow
$1,975 income − $2,718 expenses = $743 out of pocket
Investment Breakdown
|
Purchase Price
$267k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,091
Downpayment
20%
$53,420
Closing costs
1%
$2,671
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,975
Total Expenses
$2,718
Mortgage P&I
74%
$1,468
Property Taxes
11%
$208
Home Insurance
5%
$94
HOA
0%
$0
Property Management
15%
$296
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$494