This property looks like a bad Airbnb investment with a projected -4.84% first-year return on $68,610 initial cash invested.
-4.84%
Cash On Cash
5.33%
Cap Rate
0.85
DSCR
$2,308
Rent
-$277
Cashflow
Cash Flow
$2,308 income − $2,585 expenses = $277 out of pocket
Investment Breakdown
|
Purchase Price
$241k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,610
Downpayment
20%
$48,200
Closing costs
1%
$2,410
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,308
Total Expenses
$2,585
Mortgage P&I
54%
$1,255
Property Taxes
6%
$137
Home Insurance
4%
$86
HOA
0%
$0
Property Management
15%
$346
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$577