This property looks like a bad Airbnb investment with a projected -3.99% first-year return on $65,229 initial cash invested.
-3.99%
Cash On Cash
6.21%
Cap Rate
0.92
DSCR
$3,047
Rent
-$217
Cashflow
Cash Flow
$3,047 income − $3,264 expenses = $217 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,229
Downpayment
20%
$44,980
Closing costs
1%
$2,249
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,047
Total Expenses
$3,264
Mortgage P&I
41%
$1,259
Property Taxes
14%
$427
Home Insurance
3%
$79
HOA
1%
$36
Property Management
15%
$457
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$762