This property looks like a bad Airbnb investment with a projected -17.08% first-year return on $68,379 initial cash invested.
-17.08%
Cash On Cash
2.11%
Cap Rate
0.31
DSCR
$1,309
Rent
-$973
Cashflow
Cash Flow
$1,309 income − $2,282 expenses = $973 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,379
Downpayment
20%
$47,980
Closing costs
1%
$2,399
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,309
Total Expenses
$2,282
Mortgage P&I
103%
$1,342
Property Taxes
17%
$229
Home Insurance
6%
$84
HOA
0%
$0
Property Management
15%
$196
CapEx
4%
$52
Vacancy
0%
$0
Maintenance
4%
$52
Other
25%
$327