This property looks like a bad Airbnb investment with a projected -8.1% first-year return on $69,450 initial cash invested.
-8.1%
Cash On Cash
4.57%
Cap Rate
0.72
DSCR
$2,469
Rent
-$469
Cashflow
Cash Flow
$2,469 income − $2,938 expenses = $469 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,469
Total Expenses
$2,938
Mortgage P&I
53%
$1,304
Property Taxes
14%
$340
Home Insurance
3%
$86
HOA
1%
$23
Property Management
15%
$370
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$617