This property looks like a bad Airbnb investment with a projected -2.97% first-year return on $65,355 initial cash invested.
-2.97%
Cash On Cash
6.38%
Cap Rate
0.96
DSCR
$2,904
Rent
-$162
Cashflow
Cash Flow
$2,904 income − $3,066 expenses = $162 out of pocket
Investment Breakdown
|
Purchase Price
$226k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,355
Downpayment
20%
$45,100
Closing costs
1%
$2,255
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,904
Total Expenses
$3,066
Mortgage P&I
43%
$1,244
Property Taxes
12%
$349
Home Insurance
3%
$79
HOA
0%
$0
Property Management
15%
$436
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$726