This property looks like a bad Airbnb investment with a projected -12.37% first-year return on $72,768 initial cash invested.
-12.37%
Cash On Cash
3.46%
Cap Rate
0.52
DSCR
$1,735
Rent
-$750
Cashflow
Cash Flow
$1,735 income − $2,485 expenses = $750 out of pocket
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,768
Downpayment
20%
$52,160
Closing costs
1%
$2,608
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,735
Total Expenses
$2,485
Mortgage P&I
83%
$1,432
Property Taxes
7%
$130
Home Insurance
5%
$91
HOA
0%
$0
Property Management
15%
$260
CapEx
4%
$69
Vacancy
0%
$0
Maintenance
4%
$69
Other
25%
$434