This property looks like a bad Airbnb investment with a projected -13.79% first-year return on $74,406 initial cash invested.
-13.79%
Cash On Cash
3.24%
Cap Rate
0.48
DSCR
$1,858
Rent
-$855
Cashflow
Cash Flow
$1,858 income − $2,713 expenses = $855 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,406
Downpayment
20%
$53,720
Closing costs
1%
$2,686
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,858
Total Expenses
$2,713
Mortgage P&I
81%
$1,506
Property Taxes
12%
$223
Home Insurance
5%
$93
HOA
0%
$0
Property Management
15%
$279
CapEx
4%
$74
Vacancy
0%
$0
Maintenance
4%
$74
Other
25%
$464