This property looks like a bad Airbnb investment with a projected -7.42% first-year return on $73,902 initial cash invested.
-7.42%
Cash On Cash
4.6%
Cap Rate
0.74
DSCR
$2,666
Rent
-$457
Cashflow
Cash Flow
$2,666 income − $3,123 expenses = $457 out of pocket
Investment Breakdown
|
Purchase Price
$266k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,902
Downpayment
20%
$53,240
Closing costs
1%
$2,662
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,666
Total Expenses
$3,123
Mortgage P&I
51%
$1,371
Property Taxes
14%
$376
Home Insurance
4%
$96
HOA
0%
$0
Property Management
15%
$400
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$666