This property looks like a bad Airbnb investment with a projected -12.22% first-year return on $69,429 initial cash invested.
-12.22%
Cash On Cash
3.61%
Cap Rate
0.54
DSCR
$2,153
Rent
-$707
Cashflow
Cash Flow
$2,153 income − $2,860 expenses = $707 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,429
Downpayment
20%
$48,980
Closing costs
1%
$2,449
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,153
Total Expenses
$2,860
Mortgage P&I
63%
$1,357
Property Taxes
14%
$292
Home Insurance
4%
$86
HOA
4%
$92
Property Management
15%
$323
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$538