This property looks like a bad Airbnb investment with a projected -0.67% first-year return on $71,907 initial cash invested.
-0.67%
Cash On Cash
6.7%
Cap Rate
1.07
DSCR
$3,353
Rent
-$40
Cashflow
Cash Flow
$3,353 income − $3,393 expenses = $40 out of pocket
Investment Breakdown
|
Purchase Price
$257k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,907
Downpayment
20%
$51,340
Closing costs
1%
$2,567
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,353
Total Expenses
$3,393
Mortgage P&I
40%
$1,340
Property Taxes
11%
$353
Home Insurance
3%
$91
HOA
0%
$0
Property Management
15%
$503
CapEx
4%
$134
Vacancy
0%
$0
Maintenance
4%
$134
Other
25%
$838