This property looks like a bad Airbnb investment with a projected -3.94% first-year return on $72,831 initial cash invested.
-3.94%
Cash On Cash
5.48%
Cap Rate
0.9
DSCR
$2,584
Rent
-$239
Cashflow
Cash Flow
$2,584 income − $2,823 expenses = $239 out of pocket
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,831
Downpayment
20%
$52,220
Closing costs
1%
$2,611
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,584
Total Expenses
$2,823
Mortgage P&I
51%
$1,328
Property Taxes
6%
$162
Home Insurance
4%
$93
HOA
0%
$0
Property Management
15%
$388
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$646