This property looks like a bad Airbnb investment with a projected -21.52% first-year return on $66,090 initial cash invested.
-21.52%
Cash On Cash
0.43%
Cap Rate
0.07
DSCR
$1,420
Rent
-$1,185
Cashflow
Cash Flow
$1,420 income − $2,605 expenses = $1,185 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,090
Downpayment
20%
$45,800
Closing costs
1%
$2,290
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,420
Total Expenses
$2,605
Mortgage P&I
85%
$1,211
Property Taxes
45%
$632
Home Insurance
6%
$80
HOA
0%
$0
Property Management
15%
$213
CapEx
4%
$57
Vacancy
0%
$0
Maintenance
4%
$57
Other
25%
$355