This property looks like a bad Airbnb investment with a projected -18.09% first-year return on $68,400 initial cash invested.
-18.09%
Cash On Cash
1.34%
Cap Rate
0.22
DSCR
$1,374
Rent
-$1,031
Cashflow
Cash Flow
$1,374 income − $2,405 expenses = $1,031 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,400
Downpayment
20%
$48,000
Closing costs
1%
$2,400
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,374
Total Expenses
$2,405
Mortgage P&I
91%
$1,245
Property Taxes
30%
$416
Home Insurance
6%
$84
HOA
0%
$0
Property Management
15%
$206
CapEx
4%
$55
Vacancy
0%
$0
Maintenance
4%
$55
Other
25%
$344