This property looks like a bad Airbnb investment with a projected -3.78% first-year return on $72,789 initial cash invested.
-3.78%
Cash On Cash
5.53%
Cap Rate
0.91
DSCR
$2,629
Rent
-$229
Cashflow
Cash Flow
$2,629 income − $2,858 expenses = $229 out of pocket
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,789
Downpayment
20%
$52,180
Closing costs
1%
$2,609
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,629
Total Expenses
$2,858
Mortgage P&I
50%
$1,327
Property Taxes
7%
$176
Home Insurance
4%
$94
HOA
0%
$0
Property Management
15%
$394
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$657