This property looks like a bad Airbnb investment with a projected -14.13% first-year return on $72,600 initial cash invested.
-14.13%
Cash On Cash
2.53%
Cap Rate
0.41
DSCR
$1,783
Rent
-$855
Cashflow
Cash Flow
$1,783 income − $2,638 expenses = $855 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,600
Downpayment
20%
$52,000
Closing costs
1%
$2,600
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,783
Total Expenses
$2,638
Mortgage P&I
75%
$1,333
Property Taxes
20%
$359
Home Insurance
5%
$91
HOA
0%
$0
Property Management
15%
$267
CapEx
4%
$71
Vacancy
0%
$0
Maintenance
4%
$71
Other
25%
$446