This property looks like a bad Airbnb investment with a projected -6.4% first-year return on $71,991 initial cash invested.
-6.4%
Cash On Cash
4.84%
Cap Rate
0.78
DSCR
$2,410
Rent
-$384
Cashflow
Cash Flow
$2,410 income − $2,794 expenses = $384 out of pocket
Investment Breakdown
|
Purchase Price
$257k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,991
Downpayment
20%
$51,420
Closing costs
1%
$2,571
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,410
Total Expenses
$2,794
Mortgage P&I
55%
$1,324
Property Taxes
9%
$221
Home Insurance
4%
$93
HOA
0%
$0
Property Management
15%
$362
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$602