This property looks like a bad Airbnb investment with a projected -6.63% first-year return on $66,825 initial cash invested.
-6.63%
Cash On Cash
5.06%
Cap Rate
0.78
DSCR
$2,166
Rent
-$369
Cashflow
Cash Flow
$2,166 income − $2,535 expenses = $369 out of pocket
Investment Breakdown
|
Purchase Price
$233k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,825
Downpayment
20%
$46,500
Closing costs
1%
$2,325
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,166
Total Expenses
$2,535
Mortgage P&I
58%
$1,262
Property Taxes
7%
$150
Home Insurance
4%
$82
HOA
0%
$0
Property Management
15%
$325
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$542