This property looks like a bad Airbnb investment with a projected -17.94% first-year return on $72,579 initial cash invested.
-17.94%
Cash On Cash
2.07%
Cap Rate
0.31
DSCR
$2,072
Rent
-$1,085
Cashflow
Cash Flow
$2,072 income − $3,157 expenses = $1,085 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,579
Downpayment
20%
$51,980
Closing costs
1%
$2,599
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,072
Total Expenses
$3,157
Mortgage P&I
70%
$1,450
Property Taxes
28%
$571
Home Insurance
4%
$91
HOA
2%
$50
Property Management
15%
$311
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$518