This property looks like a bad Airbnb investment with a projected -17.28% first-year return on $72,642 initial cash invested.
-17.28%
Cash On Cash
2.13%
Cap Rate
0.32
DSCR
$1,342
Rent
-$1,046
Cashflow
Cash Flow
$1,342 income − $2,388 expenses = $1,046 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,642
Downpayment
20%
$52,040
Closing costs
1%
$2,602
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,342
Total Expenses
$2,388
Mortgage P&I
108%
$1,454
Property Taxes
15%
$195
Home Insurance
7%
$94
HOA
0%
$0
Property Management
15%
$201
CapEx
4%
$54
Vacancy
0%
$0
Maintenance
4%
$54
Other
25%
$336