This property looks like a bad Airbnb investment with a projected -17.6% first-year return on $72,390 initial cash invested.
-17.6%
Cash On Cash
1.47%
Cap Rate
0.24
DSCR
$1,214
Rent
-$1,062
Cashflow
Cash Flow
$1,214 income − $2,276 expenses = $1,062 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,390
Downpayment
20%
$51,800
Closing costs
1%
$2,590
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,214
Total Expenses
$2,276
Mortgage P&I
110%
$1,331
Property Taxes
22%
$270
Home Insurance
8%
$91
HOA
0%
$0
Property Management
15%
$182
CapEx
4%
$49
Vacancy
0%
$0
Maintenance
4%
$49
Other
25%
$304