This property looks like a bad Airbnb investment with a projected -2.61% first-year return on $66,111 initial cash invested.
-2.61%
Cash On Cash
6.21%
Cap Rate
0.96
DSCR
$2,439
Rent
-$144
Cashflow
Cash Flow
$2,439 income − $2,583 expenses = $144 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,111
Downpayment
20%
$45,820
Closing costs
1%
$2,291
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,439
Total Expenses
$2,583
Mortgage P&I
50%
$1,231
Property Taxes
3%
$68
Home Insurance
5%
$112
HOA
0%
$0
Property Management
15%
$366
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$610