This property looks like a bad Airbnb investment with a projected -5.14% first-year return on $73,986 initial cash invested.
-5.14%
Cash On Cash
5.21%
Cap Rate
0.84
DSCR
$2,479
Rent
-$317
Cashflow
Cash Flow
$2,479 income − $2,796 expenses = $317 out of pocket
Investment Breakdown
|
Purchase Price
$267k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,986
Downpayment
20%
$53,320
Closing costs
1%
$2,666
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,479
Total Expenses
$2,796
Mortgage P&I
56%
$1,376
Property Taxes
5%
$134
Home Insurance
4%
$96
HOA
0%
$0
Property Management
15%
$372
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$620