This property looks like a bad Airbnb investment with a projected -8.19% first-year return on $74,280 initial cash invested.
-8.19%
Cash On Cash
4.46%
Cap Rate
0.71
DSCR
$2,550
Rent
-$507
Cashflow
Cash Flow
$2,550 income − $3,057 expenses = $507 out of pocket
Investment Breakdown
|
Purchase Price
$268k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,280
Downpayment
20%
$53,600
Closing costs
1%
$2,680
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,550
Total Expenses
$3,057
Mortgage P&I
55%
$1,401
Property Taxes
13%
$338
Home Insurance
4%
$94
HOA
0%
$0
Property Management
15%
$382
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$638