This property looks like a bad Airbnb investment with a projected -3.82% first-year return on $69,828 initial cash invested.
-3.82%
Cash On Cash
6%
Cap Rate
0.91
DSCR
$2,556
Rent
-$222
Cashflow
Cash Flow
$2,556 income − $2,778 expenses = $222 out of pocket
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,828
Downpayment
20%
$49,360
Closing costs
1%
$2,468
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,556
Total Expenses
$2,778
Mortgage P&I
53%
$1,355
Property Taxes
4%
$109
Home Insurance
3%
$88
HOA
0%
$0
Property Management
15%
$383
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$639