This property looks like a bad Airbnb investment with a projected -9.78% first-year return on $69,450 initial cash invested.
-9.78%
Cash On Cash
4.37%
Cap Rate
0.65
DSCR
$2,374
Rent
-$566
Cashflow
Cash Flow
$2,374 income − $2,940 expenses = $566 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,374
Total Expenses
$2,940
Mortgage P&I
57%
$1,364
Property Taxes
15%
$350
Home Insurance
4%
$86
HOA
0%
$0
Property Management
15%
$356
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$594