This property looks like a bad Airbnb investment with a projected -16.72% first-year return on $68,190 initial cash invested.
-16.72%
Cash On Cash
2.45%
Cap Rate
0.36
DSCR
$2,386
Rent
-$950
Cashflow
Cash Flow
$2,386 income − $3,336 expenses = $950 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,190
Downpayment
20%
$47,800
Closing costs
1%
$2,390
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,386
Total Expenses
$3,336
Mortgage P&I
56%
$1,342
Property Taxes
32%
$766
Home Insurance
4%
$84
HOA
0%
$0
Property Management
15%
$358
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$596