This property looks like a bad Airbnb investment with a projected -18.03% first-year return on $72,936 initial cash invested.
-18.03%
Cash On Cash
1.88%
Cap Rate
0.28
DSCR
$1,546
Rent
-$1,096
Cashflow
Cash Flow
$1,546 income − $2,642 expenses = $1,096 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,936
Downpayment
20%
$52,320
Closing costs
1%
$2,616
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,546
Total Expenses
$2,642
Mortgage P&I
93%
$1,444
Property Taxes
23%
$363
Home Insurance
6%
$93
HOA
0%
$0
Property Management
15%
$232
CapEx
4%
$62
Vacancy
0%
$0
Maintenance
4%
$62
Other
25%
$386