This property looks like a bad Airbnb investment with a projected -7.53% first-year return on $66,300 initial cash invested.
-7.53%
Cash On Cash
4.4%
Cap Rate
0.71
DSCR
$1,671
Rent
-$416
Cashflow
Cash Flow
$1,671 income − $2,087 expenses = $416 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,300
Downpayment
20%
$46,000
Closing costs
1%
$2,300
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,671
Total Expenses
$2,087
Mortgage P&I
71%
$1,193
Property Taxes
1%
$11
Home Insurance
5%
$80
HOA
0%
$0
Property Management
15%
$251
CapEx
4%
$67
Vacancy
0%
$0
Maintenance
4%
$67
Other
25%
$418