This property looks like a bad Airbnb investment with a projected -12.29% first-year return on $70,479 initial cash invested.
-12.29%
Cash On Cash
3.68%
Cap Rate
0.55
DSCR
$2,189
Rent
-$722
Cashflow
Cash Flow
$2,189 income − $2,911 expenses = $722 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,479
Downpayment
20%
$49,980
Closing costs
1%
$2,499
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,189
Total Expenses
$2,911
Mortgage P&I
64%
$1,401
Property Taxes
17%
$371
Home Insurance
4%
$88
HOA
0%
$0
Property Management
15%
$328
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$547