This property looks like a bad Airbnb investment with a projected -5.75% first-year return on $71,529 initial cash invested.
-5.75%
Cash On Cash
5.4%
Cap Rate
0.82
DSCR
$2,473
Rent
-$343
Cashflow
Cash Flow
$2,473 income − $2,816 expenses = $343 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,529
Downpayment
20%
$50,980
Closing costs
1%
$2,549
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,473
Total Expenses
$2,816
Mortgage P&I
56%
$1,391
Property Taxes
6%
$149
Home Insurance
4%
$89
HOA
0%
$0
Property Management
15%
$371
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$618