This property looks like a bad Airbnb investment with a projected -7.51% first-year return on $65,376 initial cash invested.
-7.51%
Cash On Cash
4.89%
Cap Rate
0.73
DSCR
$1,852
Rent
-$409
Cashflow
Cash Flow
$1,852 income − $2,261 expenses = $409 out of pocket
Investment Breakdown
|
Purchase Price
$226k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,376
Downpayment
20%
$45,120
Closing costs
1%
$2,256
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,852
Total Expenses
$2,261
Mortgage P&I
68%
$1,254
Property Taxes
2%
$38
Home Insurance
4%
$80
HOA
0%
$0
Property Management
15%
$278
CapEx
4%
$74
Vacancy
0%
$0
Maintenance
4%
$74
Other
25%
$463