This property looks like a bad Airbnb investment with a projected -5.32% first-year return on $72,621 initial cash invested.
-5.32%
Cash On Cash
5.55%
Cap Rate
0.85
DSCR
$2,633
Rent
-$322
Cashflow
Cash Flow
$2,633 income − $2,955 expenses = $322 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,621
Downpayment
20%
$52,020
Closing costs
1%
$2,601
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,633
Total Expenses
$2,955
Mortgage P&I
54%
$1,419
Property Taxes
7%
$180
Home Insurance
4%
$93
HOA
0%
$0
Property Management
15%
$395
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$658