This property looks like a bad Airbnb investment with a projected -11.19% first-year return on $74,070 initial cash invested.
-11.19%
Cash On Cash
3.53%
Cap Rate
0.57
DSCR
$2,634
Rent
-$691
Cashflow
Cash Flow
$2,634 income − $3,325 expenses = $691 out of pocket
Investment Breakdown
|
Purchase Price
$267k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,070
Downpayment
20%
$53,400
Closing costs
1%
$2,670
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,634
Total Expenses
$3,325
Mortgage P&I
52%
$1,371
Property Taxes
16%
$417
Home Insurance
4%
$93
HOA
7%
$181
Property Management
15%
$395
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$658