This property looks like a bad Airbnb investment with a projected -16.25% first-year return on $74,343 initial cash invested.
-16.25%
Cash On Cash
1.87%
Cap Rate
0.31
DSCR
$1,438
Rent
-$1,007
Cashflow
Cash Flow
$1,438 income − $2,445 expenses = $1,007 out of pocket
Investment Breakdown
|
Purchase Price
$268k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,343
Downpayment
20%
$53,660
Closing costs
1%
$2,683
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,438
Total Expenses
$2,445
Mortgage P&I
95%
$1,368
Property Taxes
7%
$107
Home Insurance
19%
$278
HOA
0%
$0
Property Management
15%
$216
CapEx
4%
$58
Vacancy
0%
$0
Maintenance
4%
$58
Other
25%
$360