This property looks like a bad Airbnb investment with a projected -16.21% first-year return on $67,140 initial cash invested.
-16.21%
Cash On Cash
1.95%
Cap Rate
0.31
DSCR
$1,228
Rent
-$907
Cashflow
Cash Flow
$1,228 income − $2,135 expenses = $907 out of pocket
Investment Breakdown
|
Purchase Price
$234k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,140
Downpayment
20%
$46,800
Closing costs
1%
$2,340
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,228
Total Expenses
$2,135
Mortgage P&I
101%
$1,238
Property Taxes
18%
$226
Home Insurance
7%
$82
HOA
0%
$0
Property Management
15%
$184
CapEx
4%
$49
Vacancy
0%
$0
Maintenance
4%
$49
Other
25%
$307