This property looks like a bad Airbnb investment with a projected -8.9% first-year return on $69,450 initial cash invested.
-8.9%
Cash On Cash
4.33%
Cap Rate
0.67
DSCR
$2,063
Rent
-$515
Cashflow
Cash Flow
$2,063 income − $2,578 expenses = $515 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,063
Total Expenses
$2,578
Mortgage P&I
64%
$1,317
Property Taxes
9%
$184
Home Insurance
4%
$86
HOA
0%
$0
Property Management
15%
$309
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$516