This property looks like a bad Airbnb investment with a projected -11.91% first-year return on $73,650 initial cash invested.
-11.91%
Cash On Cash
3.19%
Cap Rate
0.51
DSCR
$1,584
Rent
-$731
Cashflow
Cash Flow
$1,584 income − $2,315 expenses = $731 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,650
Downpayment
20%
$53,000
Closing costs
1%
$2,650
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,584
Total Expenses
$2,315
Mortgage P&I
87%
$1,372
Property Taxes
6%
$90
Home Insurance
6%
$93
HOA
0%
$0
Property Management
15%
$238
CapEx
4%
$63
Vacancy
0%
$0
Maintenance
4%
$63
Other
25%
$396