This property looks like a bad Airbnb investment with a projected -7.87% first-year return on $73,629 initial cash invested.
-7.87%
Cash On Cash
4.87%
Cap Rate
0.73
DSCR
$2,297
Rent
-$483
Cashflow
Cash Flow
$2,297 income − $2,780 expenses = $483 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,629
Downpayment
20%
$52,980
Closing costs
1%
$2,649
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,297
Total Expenses
$2,780
Mortgage P&I
64%
$1,465
Property Taxes
5%
$119
Home Insurance
4%
$93
HOA
0%
$0
Property Management
15%
$345
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$574