This property looks like a bad Airbnb investment with a projected -18.23% first-year return on $65,229 initial cash invested.
-18.23%
Cash On Cash
1.63%
Cap Rate
0.25
DSCR
$1,494
Rent
-$991
Cashflow
Cash Flow
$1,494 income − $2,485 expenses = $991 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,229
Downpayment
20%
$44,980
Closing costs
1%
$2,249
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,494
Total Expenses
$2,485
Mortgage P&I
83%
$1,236
Property Taxes
30%
$452
Home Insurance
5%
$79
HOA
0%
$0
Property Management
15%
$224
CapEx
4%
$60
Vacancy
0%
$0
Maintenance
4%
$60
Other
25%
$374