This property looks like a bad Airbnb investment with a projected -8.19% first-year return on $70,206 initial cash invested.
-8.19%
Cash On Cash
4.46%
Cap Rate
0.7
DSCR
$2,275
Rent
-$479
Cashflow
Cash Flow
$2,275 income − $2,754 expenses = $479 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,206
Downpayment
20%
$49,720
Closing costs
1%
$2,486
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,275
Total Expenses
$2,754
Mortgage P&I
58%
$1,311
Property Taxes
12%
$262
Home Insurance
4%
$89
HOA
0%
$0
Property Management
15%
$341
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$569