This property looks like a bad Airbnb investment with a projected -1.22% first-year return on $72,915 initial cash invested.
-1.22%
Cash On Cash
6.93%
Cap Rate
1.04
DSCR
$3,485
Rent
-$74
Cashflow
Cash Flow
$3,485 income − $3,559 expenses = $74 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,915
Downpayment
20%
$52,300
Closing costs
1%
$2,615
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,485
Total Expenses
$3,559
Mortgage P&I
41%
$1,445
Property Taxes
10%
$349
Home Insurance
3%
$93
HOA
0%
$0
Property Management
15%
$523
CapEx
4%
$139
Vacancy
0%
$0
Maintenance
4%
$139
Other
25%
$871