This property looks like a bad Airbnb investment with a projected -4.32% first-year return on $72,789 initial cash invested.
-4.32%
Cash On Cash
6.09%
Cap Rate
0.9
DSCR
$2,983
Rent
-$262
Cashflow
Cash Flow
$2,983 income − $3,245 expenses = $262 out of pocket
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,789
Downpayment
20%
$52,180
Closing costs
1%
$2,609
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,983
Total Expenses
$3,245
Mortgage P&I
49%
$1,468
Property Taxes
8%
$253
Home Insurance
3%
$93
HOA
0%
$0
Property Management
15%
$447
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$746