This property looks like a bad Airbnb investment with a projected -15.3% first-year return on $65,250 initial cash invested.
-15.3%
Cash On Cash
2.59%
Cap Rate
0.38
DSCR
$1,144
Rent
-$832
Cashflow
Cash Flow
$1,144 income − $1,976 expenses = $832 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,250
Downpayment
20%
$45,000
Closing costs
1%
$2,250
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,144
Total Expenses
$1,976
Mortgage P&I
111%
$1,272
Property Taxes
7%
$75
Home Insurance
7%
$79
HOA
0%
$0
Property Management
15%
$172
CapEx
4%
$46
Vacancy
0%
$0
Maintenance
4%
$46
Other
25%
$286