This property looks like a bad Airbnb investment with a projected -10.77% first-year return on $70,290 initial cash invested.
-10.77%
Cash On Cash
3.8%
Cap Rate
0.58
DSCR
$1,780
Rent
-$631
Cashflow
Cash Flow
$1,780 income − $2,411 expenses = $631 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,290
Downpayment
20%
$49,800
Closing costs
1%
$2,490
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,780
Total Expenses
$2,411
Mortgage P&I
76%
$1,348
Property Taxes
7%
$122
Home Insurance
5%
$87
HOA
0%
$0
Property Management
15%
$267
CapEx
4%
$71
Vacancy
0%
$0
Maintenance
4%
$71
Other
25%
$445