This property looks like a bad Airbnb investment with a projected -17.78% first-year return on $65,880 initial cash invested.
-17.78%
Cash On Cash
1.47%
Cap Rate
0.23
DSCR
$792
Rent
-$976
Cashflow
Cash Flow
$792 income − $1,768 expenses = $976 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,880
Downpayment
20%
$45,600
Closing costs
1%
$2,280
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$792
Total Expenses
$1,768
Mortgage P&I
154%
$1,223
Property Taxes
11%
$84
Home Insurance
10%
$80
HOA
0%
$0
Property Management
15%
$119
CapEx
4%
$32
Vacancy
0%
$0
Maintenance
4%
$32
Other
25%
$198