This property looks like a bad Airbnb investment with a projected -5.03% first-year return on $72,285 initial cash invested.
-5.03%
Cash On Cash
5.57%
Cap Rate
0.87
DSCR
$3,084
Rent
-$303
Cashflow
Cash Flow
$3,084 income − $3,387 expenses = $303 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,285
Downpayment
20%
$51,700
Closing costs
1%
$2,585
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,084
Total Expenses
$3,387
Mortgage P&I
45%
$1,379
Property Taxes
14%
$440
Home Insurance
3%
$88
HOA
0%
$0
Property Management
15%
$463
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$771