This property looks like a bad Airbnb investment with a projected -10.19% first-year return on $67,350 initial cash invested.
-10.19%
Cash On Cash
3.69%
Cap Rate
0.58
DSCR
$1,482
Rent
-$572
Cashflow
Cash Flow
$1,482 income − $2,054 expenses = $572 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,350
Downpayment
20%
$47,000
Closing costs
1%
$2,350
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,482
Total Expenses
$2,054
Mortgage P&I
83%
$1,236
Property Taxes
2%
$26
Home Insurance
6%
$82
HOA
0%
$0
Property Management
15%
$222
CapEx
4%
$59
Vacancy
0%
$0
Maintenance
4%
$59
Other
25%
$370