This property looks like a bad Airbnb investment with a projected -8.44% first-year return on $74,490 initial cash invested.
-8.44%
Cash On Cash
4.61%
Cap Rate
0.7
DSCR
$2,249
Rent
-$524
Cashflow
Cash Flow
$2,249 income − $2,773 expenses = $524 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,490
Downpayment
20%
$53,800
Closing costs
1%
$2,690
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,249
Total Expenses
$2,773
Mortgage P&I
65%
$1,468
Property Taxes
6%
$132
Home Insurance
4%
$94
HOA
0%
$0
Property Management
15%
$337
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$562