This property looks like a bad Airbnb investment with a projected -13.49% first-year return on $74,280 initial cash invested.
-13.49%
Cash On Cash
2.73%
Cap Rate
0.44
DSCR
$1,599
Rent
-$835
Cashflow
Cash Flow
$1,599 income − $2,434 expenses = $835 out of pocket
Investment Breakdown
|
Purchase Price
$268k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,280
Downpayment
20%
$53,600
Closing costs
1%
$2,680
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,599
Total Expenses
$2,434
Mortgage P&I
86%
$1,381
Property Taxes
12%
$191
Home Insurance
6%
$94
HOA
0%
$0
Property Management
15%
$240
CapEx
4%
$64
Vacancy
0%
$0
Maintenance
4%
$64
Other
25%
$400