This property looks like a bad Airbnb investment with a projected -14.38% first-year return on $73,335 initial cash invested.
-14.38%
Cash On Cash
2.51%
Cap Rate
0.41
DSCR
$1,814
Rent
-$879
Cashflow
Cash Flow
$1,814 income − $2,693 expenses = $879 out of pocket
Investment Breakdown
|
Purchase Price
$264k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,335
Downpayment
20%
$52,700
Closing costs
1%
$2,635
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,814
Total Expenses
$2,693
Mortgage P&I
75%
$1,357
Property Taxes
20%
$371
Home Insurance
5%
$93
HOA
0%
$0
Property Management
15%
$272
CapEx
4%
$73
Vacancy
0%
$0
Maintenance
4%
$73
Other
25%
$454