This property looks like a bad Airbnb investment with a projected -9.1% first-year return on $65,250 initial cash invested.
-9.1%
Cash On Cash
4.26%
Cap Rate
0.66
DSCR
$2,013
Rent
-$495
Cashflow
Cash Flow
$2,013 income − $2,508 expenses = $495 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,013
Total Expenses
$2,508
Mortgage P&I
60%
$1,213
Property Taxes
12%
$249
Home Insurance
4%
$79
HOA
0%
$0
Property Management
15%
$302
CapEx
4%
$81
Vacancy
0%
$0
Maintenance
4%
$81
Other
25%
$503