This property looks like a bad Airbnb investment with a projected -13.24% first-year return on $70,500 initial cash invested.
-13.24%
Cash On Cash
3.15%
Cap Rate
0.48
DSCR
$1,691
Rent
-$778
Cashflow
Cash Flow
$1,691 income − $2,469 expenses = $778 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,500
Downpayment
20%
$50,000
Closing costs
1%
$2,500
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,691
Total Expenses
$2,469
Mortgage P&I
81%
$1,367
Property Taxes
12%
$201
Home Insurance
5%
$88
HOA
0%
$0
Property Management
15%
$254
CapEx
4%
$68
Vacancy
0%
$0
Maintenance
4%
$68
Other
25%
$423