This property looks like a bad Airbnb investment with a projected -5.08% first-year return on $65,187 initial cash invested.
-5.08%
Cash On Cash
5.71%
Cap Rate
0.85
DSCR
$2,257
Rent
-$276
Cashflow
Cash Flow
$2,257 income − $2,533 expenses = $276 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,187
Downpayment
20%
$44,940
Closing costs
1%
$2,247
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,257
Total Expenses
$2,533
Mortgage P&I
56%
$1,255
Property Taxes
5%
$116
Home Insurance
4%
$79
HOA
0%
$0
Property Management
15%
$339
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$564