This property looks like a bad Airbnb investment with a projected -13.97% first-year return on $73,440 initial cash invested.
-13.97%
Cash On Cash
2.52%
Cap Rate
0.41
DSCR
$1,379
Rent
-$855
Cashflow
Cash Flow
$1,379 income − $2,234 expenses = $855 out of pocket
Investment Breakdown
|
Purchase Price
$264k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,440
Downpayment
20%
$52,800
Closing costs
1%
$2,640
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,379
Total Expenses
$2,234
Mortgage P&I
98%
$1,355
Property Taxes
9%
$123
Home Insurance
7%
$94
HOA
0%
$0
Property Management
15%
$207
CapEx
4%
$55
Vacancy
0%
$0
Maintenance
4%
$55
Other
25%
$345