This property looks like a bad Airbnb investment with a projected -11.71% first-year return on $66,300 initial cash invested.
-11.71%
Cash On Cash
3.2%
Cap Rate
0.51
DSCR
$1,429
Rent
-$647
Cashflow
Cash Flow
$1,429 income − $2,076 expenses = $647 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,300
Downpayment
20%
$46,000
Closing costs
1%
$2,300
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,429
Total Expenses
$2,076
Mortgage P&I
84%
$1,203
Property Taxes
8%
$108
Home Insurance
6%
$80
HOA
0%
$0
Property Management
15%
$214
CapEx
4%
$57
Vacancy
0%
$0
Maintenance
4%
$57
Other
25%
$357