This property looks like a bad Airbnb investment with a projected -9.84% first-year return on $67,350 initial cash invested.
-9.84%
Cash On Cash
4.08%
Cap Rate
0.63
DSCR
$1,879
Rent
-$552
Cashflow
Cash Flow
$1,879 income − $2,431 expenses = $552 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,350
Downpayment
20%
$47,000
Closing costs
1%
$2,350
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,879
Total Expenses
$2,431
Mortgage P&I
68%
$1,276
Property Taxes
9%
$171
Home Insurance
4%
$82
HOA
0%
$0
Property Management
15%
$282
CapEx
4%
$75
Vacancy
0%
$0
Maintenance
4%
$75
Other
25%
$470