This property looks like a bad Airbnb investment with a projected -0.8% first-year return on $70,500 initial cash invested.
-0.8%
Cash On Cash
6.39%
Cap Rate
1.05
DSCR
$2,646
Rent
-$47
Cashflow
Cash Flow
$2,646 income − $2,693 expenses = $47 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,500
Downpayment
20%
$50,000
Closing costs
1%
$2,500
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,646
Total Expenses
$2,693
Mortgage P&I
48%
$1,273
Property Taxes
2%
$60
Home Insurance
3%
$89
HOA
0%
$0
Property Management
15%
$397
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$662