This property looks like a bad Airbnb investment with a projected -9.69% first-year return on $66,279 initial cash invested.
-9.69%
Cash On Cash
4.46%
Cap Rate
0.66
DSCR
$2,192
Rent
-$535
Cashflow
Cash Flow
$2,192 income − $2,727 expenses = $535 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,279
Downpayment
20%
$45,980
Closing costs
1%
$2,299
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,192
Total Expenses
$2,727
Mortgage P&I
59%
$1,302
Property Taxes
13%
$292
Home Insurance
4%
$80
HOA
0%
$0
Property Management
15%
$329
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$548