This property looks like a bad Airbnb investment with a projected -7.6% first-year return on $68,190 initial cash invested.
-7.6%
Cash On Cash
4.69%
Cap Rate
0.72
DSCR
$1,925
Rent
-$432
Cashflow
Cash Flow
$1,925 income − $2,357 expenses = $432 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,190
Downpayment
20%
$47,800
Closing costs
1%
$2,390
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,925
Total Expenses
$2,357
Mortgage P&I
67%
$1,290
Property Taxes
3%
$59
Home Insurance
4%
$84
HOA
0%
$0
Property Management
15%
$289
CapEx
4%
$77
Vacancy
0%
$0
Maintenance
4%
$77
Other
25%
$481