This property looks like a bad Airbnb investment with a projected -12.56% first-year return on $68,526 initial cash invested.
-12.56%
Cash On Cash
3.18%
Cap Rate
0.5
DSCR
$1,693
Rent
-$717
Cashflow
Cash Flow
$1,693 income − $2,410 expenses = $717 out of pocket
Investment Breakdown
|
Purchase Price
$241k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,526
Downpayment
20%
$48,120
Closing costs
1%
$2,406
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,693
Total Expenses
$2,410
Mortgage P&I
76%
$1,287
Property Taxes
13%
$222
Home Insurance
5%
$88
HOA
0%
$0
Property Management
15%
$254
CapEx
4%
$68
Vacancy
0%
$0
Maintenance
4%
$68
Other
25%
$423