This property looks like a bad Airbnb investment with a projected -9.57% first-year return on $74,490 initial cash invested.
-9.57%
Cash On Cash
4.46%
Cap Rate
0.67
DSCR
$2,289
Rent
-$594
Cashflow
Cash Flow
$2,289 income − $2,883 expenses = $594 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,490
Downpayment
20%
$53,800
Closing costs
1%
$2,690
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,289
Total Expenses
$2,883
Mortgage P&I
66%
$1,502
Property Taxes
8%
$188
Home Insurance
4%
$94
HOA
0%
$0
Property Management
15%
$343
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$572