This property looks like a bad Airbnb investment with a projected -30.02% first-year return on $68,484 initial cash invested.
-30.02%
Cash On Cash
-1.86%
Cap Rate
-0.28
DSCR
$0
Rent
-$1,713
Cashflow
Cash Flow
$0 income − $1,713 expenses = $1,713 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,484
Downpayment
20%
$48,080
Closing costs
1%
$2,404
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$0
Total Expenses
$1,713
Mortgage P&I
13410000%
$1,341
Property Taxes
2970000%
$297
Home Insurance
750000%
$75
HOA
0%
$0
Property Management
0%
$0
CapEx
0%
$0
Vacancy
0%
$0
Maintenance
0%
$0
Other
0%
$0