This property looks like a bad Airbnb investment with a projected -8.33% first-year return on $69,450 initial cash invested.
-8.33%
Cash On Cash
4.49%
Cap Rate
0.69
DSCR
$1,895
Rent
-$482
Cashflow
Cash Flow
$1,895 income − $2,377 expenses = $482 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,895
Total Expenses
$2,377
Mortgage P&I
70%
$1,322
Property Taxes
3%
$59
Home Insurance
5%
$86
HOA
0%
$0
Property Management
15%
$284
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$474