This property looks like a bad Airbnb investment with a projected -2.49% first-year return on $68,379 initial cash invested.
-2.49%
Cash On Cash
6.7%
Cap Rate
1
DSCR
$3,452
Rent
-$142
Cashflow
Cash Flow
$3,452 income − $3,594 expenses = $142 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,379
Downpayment
20%
$47,980
Closing costs
1%
$2,399
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,452
Total Expenses
$3,594
Mortgage P&I
39%
$1,343
Property Taxes
15%
$510
Home Insurance
2%
$84
HOA
0%
$0
Property Management
15%
$518
CapEx
4%
$138
Vacancy
0%
$0
Maintenance
4%
$138
Other
25%
$863