This property looks like a bad Airbnb investment with a projected -4.67% first-year return on $74,028 initial cash invested.
-4.67%
Cash On Cash
5.37%
Cap Rate
0.87
DSCR
$2,660
Rent
-$288
Cashflow
Cash Flow
$2,660 income − $2,948 expenses = $288 out of pocket
Investment Breakdown
|
Purchase Price
$267k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,028
Downpayment
20%
$53,360
Closing costs
1%
$2,668
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,660
Total Expenses
$2,948
Mortgage P&I
52%
$1,377
Property Taxes
7%
$199
Home Insurance
4%
$96
HOA
0%
$0
Property Management
15%
$399
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$665