This property looks like a bad Airbnb investment with a projected -5.88% first-year return on $70,227 initial cash invested.
-5.88%
Cash On Cash
4.89%
Cap Rate
0.8
DSCR
$2,393
Rent
-$344
Cashflow
Cash Flow
$2,393 income − $2,737 expenses = $344 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,227
Downpayment
20%
$49,740
Closing costs
1%
$2,487
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,393
Total Expenses
$2,737
Mortgage P&I
53%
$1,261
Property Taxes
10%
$238
Home Insurance
4%
$89
HOA
0%
$0
Property Management
15%
$359
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$598