This property looks like a bad Airbnb investment with a projected -7.99% first-year return on $71,928 initial cash invested.
-7.99%
Cash On Cash
4.71%
Cap Rate
0.73
DSCR
$2,494
Rent
-$479
Cashflow
Cash Flow
$2,494 income − $2,973 expenses = $479 out of pocket
Investment Breakdown
|
Purchase Price
$257k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,928
Downpayment
20%
$51,360
Closing costs
1%
$2,568
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,494
Total Expenses
$2,973
Mortgage P&I
56%
$1,387
Property Taxes
11%
$278
Home Insurance
4%
$110
HOA
0%
$0
Property Management
15%
$374
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$624