This property looks like a bad Airbnb investment with a projected -8.64% first-year return on $74,175 initial cash invested.
-8.64%
Cash On Cash
4.26%
Cap Rate
0.7
DSCR
$3,017
Rent
-$534
Cashflow
Cash Flow
$3,017 income − $3,551 expenses = $534 out of pocket
Investment Breakdown
|
Purchase Price
$268k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,175
Downpayment
20%
$53,500
Closing costs
1%
$2,675
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,017
Total Expenses
$3,551
Mortgage P&I
45%
$1,363
Property Taxes
20%
$610
Home Insurance
3%
$94
HOA
1%
$35
Property Management
15%
$453
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$754