This property looks like a bad Airbnb investment with a projected -6.7% first-year return on $66,279 initial cash invested.
-6.7%
Cash On Cash
5.2%
Cap Rate
0.78
DSCR
$2,314
Rent
-$370
Cashflow
Cash Flow
$2,314 income − $2,684 expenses = $370 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,279
Downpayment
20%
$45,980
Closing costs
1%
$2,299
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,314
Total Expenses
$2,684
Mortgage P&I
55%
$1,273
Property Taxes
10%
$220
Home Insurance
3%
$80
HOA
0%
$0
Property Management
15%
$347
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$578