This property looks like a bad Airbnb investment with a projected -15.77% first-year return on $74,490 initial cash invested.
-15.77%
Cash On Cash
2.52%
Cap Rate
0.38
DSCR
$1,345
Rent
-$979
Cashflow
Cash Flow
$1,345 income − $2,324 expenses = $979 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,490
Downpayment
20%
$53,800
Closing costs
1%
$2,690
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,345
Total Expenses
$2,324
Mortgage P&I
111%
$1,491
Property Taxes
7%
$93
Home Insurance
7%
$94
HOA
0%
$0
Property Management
15%
$202
CapEx
4%
$54
Vacancy
0%
$0
Maintenance
4%
$54
Other
25%
$336