This property looks like a bad Airbnb investment with a projected -4.81% first-year return on $68,904 initial cash invested.
-4.81%
Cash On Cash
5.32%
Cap Rate
0.85
DSCR
$2,337
Rent
-$276
Cashflow
Cash Flow
$2,337 income − $2,613 expenses = $276 out of pocket
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,904
Downpayment
20%
$48,480
Closing costs
1%
$2,424
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,337
Total Expenses
$2,613
Mortgage P&I
54%
$1,258
Property Taxes
6%
$145
Home Insurance
4%
$89
HOA
0%
$0
Property Management
15%
$351
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$584