This property looks like a bad Airbnb investment with a projected -13.36% first-year return on $72,600 initial cash invested.
-13.36%
Cash On Cash
3.13%
Cap Rate
0.48
DSCR
$1,540
Rent
-$808
Cashflow
Cash Flow
$1,540 income − $2,348 expenses = $808 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,600
Downpayment
20%
$52,000
Closing costs
1%
$2,600
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,540
Total Expenses
$2,348
Mortgage P&I
92%
$1,424
Property Taxes
6%
$93
Home Insurance
6%
$91
HOA
0%
$0
Property Management
15%
$231
CapEx
4%
$62
Vacancy
0%
$0
Maintenance
4%
$62
Other
25%
$385