This property looks like a bad Airbnb investment with a projected -2.7% first-year return on $65,250 initial cash invested.
-2.7%
Cash On Cash
6.46%
Cap Rate
0.96
DSCR
$2,476
Rent
-$147
Cashflow
Cash Flow
$2,476 income − $2,623 expenses = $147 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,250
Downpayment
20%
$45,000
Closing costs
1%
$2,250
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,476
Total Expenses
$2,623
Mortgage P&I
51%
$1,259
Property Taxes
4%
$97
Home Insurance
3%
$79
HOA
0%
$0
Property Management
15%
$371
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$619