This property looks like a bad Airbnb investment with a projected -3.14% first-year return on $66,489 initial cash invested.
-3.14%
Cash On Cash
6.15%
Cap Rate
0.94
DSCR
$2,465
Rent
-$174
Cashflow
Cash Flow
$2,465 income − $2,639 expenses = $174 out of pocket
Investment Breakdown
|
Purchase Price
$231k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,489
Downpayment
20%
$46,180
Closing costs
1%
$2,309
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,465
Total Expenses
$2,639
Mortgage P&I
51%
$1,259
Property Taxes
5%
$116
Home Insurance
3%
$80
HOA
0%
$0
Property Management
15%
$370
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$616