This property looks like a bad Airbnb investment with a projected -3.6% first-year return on $68,043 initial cash invested.
-3.6%
Cash On Cash
5.74%
Cap Rate
0.91
DSCR
$2,400
Rent
-$204
Cashflow
Cash Flow
$2,400 income − $2,604 expenses = $204 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,043
Downpayment
20%
$47,660
Closing costs
1%
$2,383
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,400
Total Expenses
$2,604
Mortgage P&I
52%
$1,247
Property Taxes
5%
$119
Home Insurance
4%
$86
HOA
0%
$0
Property Management
15%
$360
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$600