This property looks like a bad Airbnb investment with a projected -11.71% first-year return on $70,479 initial cash invested.
-11.71%
Cash On Cash
3.32%
Cap Rate
0.53
DSCR
$1,807
Rent
-$688
Cashflow
Cash Flow
$1,807 income − $2,495 expenses = $688 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,479
Downpayment
20%
$49,980
Closing costs
1%
$2,499
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,807
Total Expenses
$2,495
Mortgage P&I
72%
$1,307
Property Taxes
13%
$233
Home Insurance
5%
$88
HOA
0%
$0
Property Management
15%
$271
CapEx
4%
$72
Vacancy
0%
$0
Maintenance
4%
$72
Other
25%
$452