This property looks like a bad Airbnb investment with a projected -11.2% first-year return on $72,873 initial cash invested.
-11.2%
Cash On Cash
3.99%
Cap Rate
0.6
DSCR
$2,579
Rent
-$680
Cashflow
Cash Flow
$2,579 income − $3,259 expenses = $680 out of pocket
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,873
Downpayment
20%
$52,260
Closing costs
1%
$2,613
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,579
Total Expenses
$3,259
Mortgage P&I
56%
$1,446
Property Taxes
19%
$482
Home Insurance
4%
$93
HOA
0%
$0
Property Management
15%
$387
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$645