This property looks like a bad Airbnb investment with a projected -9.79% first-year return on $70,500 initial cash invested.
-9.79%
Cash On Cash
4.07%
Cap Rate
0.63
DSCR
$1,915
Rent
-$575
Cashflow
Cash Flow
$1,915 income − $2,490 expenses = $575 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,500
Downpayment
20%
$50,000
Closing costs
1%
$2,500
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,915
Total Expenses
$2,490
Mortgage P&I
70%
$1,346
Property Taxes
7%
$136
Home Insurance
5%
$88
HOA
0%
$0
Property Management
15%
$287
CapEx
4%
$77
Vacancy
0%
$0
Maintenance
4%
$77
Other
25%
$479