This property looks like a bad Airbnb investment with a projected -15.8% first-year return on $74,028 initial cash invested.
-15.8%
Cash On Cash
2.71%
Cap Rate
0.4
DSCR
$2,151
Rent
-$975
Cashflow
Cash Flow
$2,151 income − $3,126 expenses = $975 out of pocket
Investment Breakdown
|
Purchase Price
$267k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,028
Downpayment
20%
$53,360
Closing costs
1%
$2,668
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,151
Total Expenses
$3,126
Mortgage P&I
69%
$1,492
Property Taxes
19%
$405
Home Insurance
5%
$98
HOA
5%
$98
Property Management
15%
$323
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$538