This property looks like a bad Airbnb investment with a projected -16.43% first-year return on $67,350 initial cash invested.
-16.43%
Cash On Cash
1.85%
Cap Rate
0.29
DSCR
$1,017
Rent
-$922
Cashflow
Cash Flow
$1,017 income − $1,939 expenses = $922 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
$1,017
Total Expenses
$1,939
Mortgage P&I
122%
$1,244
Property Taxes
12%
$124
Home Insurance
8%
$82
HOA
0%
$0
Property Management
15%
$153
CapEx
4%
$41
Vacancy
0%
$0
Maintenance
4%
$41
Other
25%
$254