This property looks like a bad Airbnb investment with a projected -17.22% first-year return on $73,461 initial cash invested.
-17.22%
Cash On Cash
2.14%
Cap Rate
0.33
DSCR
$2,013
Rent
-$1,054
Cashflow
Cash Flow
$2,013 income − $3,067 expenses = $1,054 out of pocket
Investment Breakdown
|
Purchase Price
$264k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,461
Downpayment
20%
$52,820
Closing costs
1%
$2,641
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,013
Total Expenses
$3,067
Mortgage P&I
72%
$1,445
Property Taxes
28%
$563
Home Insurance
5%
$92
HOA
0%
$0
Property Management
15%
$302
CapEx
4%
$81
Vacancy
0%
$0
Maintenance
4%
$81
Other
25%
$503