This property looks like a bad Airbnb investment with a projected -7.67% first-year return on $72,936 initial cash invested.
-7.67%
Cash On Cash
4.38%
Cap Rate
0.72
DSCR
$2,170
Rent
-$466
Cashflow
Cash Flow
$2,170 income − $2,636 expenses = $466 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,936
Downpayment
20%
$52,320
Closing costs
1%
$2,616
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,170
Total Expenses
$2,636
Mortgage P&I
61%
$1,333
Property Taxes
8%
$167
Home Insurance
4%
$94
HOA
0%
$0
Property Management
15%
$326
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$542