This property looks like a bad Airbnb investment with a projected -14.15% first-year return on $67,917 initial cash invested.
-14.15%
Cash On Cash
2.53%
Cap Rate
0.4
DSCR
$1,258
Rent
-$801
Cashflow
Cash Flow
$1,258 income − $2,059 expenses = $801 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,917
Downpayment
20%
$47,540
Closing costs
1%
$2,377
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,258
Total Expenses
$2,059
Mortgage P&I
100%
$1,252
Property Taxes
9%
$118
Home Insurance
7%
$86
HOA
0%
$0
Property Management
15%
$189
CapEx
4%
$50
Vacancy
0%
$0
Maintenance
4%
$50
Other
25%
$314