This property looks like a bad Airbnb investment with a projected -13.82% first-year return on $70,143 initial cash invested.
-13.82%
Cash On Cash
2.89%
Cap Rate
0.45
DSCR
$1,894
Rent
-$808
Cashflow
Cash Flow
$1,894 income − $2,702 expenses = $808 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,143
Downpayment
20%
$49,660
Closing costs
1%
$2,483
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,894
Total Expenses
$2,702
Mortgage P&I
70%
$1,330
Property Taxes
20%
$374
Home Insurance
5%
$88
HOA
0%
$0
Property Management
15%
$284
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$474