This property looks like a bad Airbnb investment with a projected -12.67% first-year return on $66,279 initial cash invested.
-12.67%
Cash On Cash
3.2%
Cap Rate
0.49
DSCR
$1,794
Rent
-$700
Cashflow
Cash Flow
$1,794 income − $2,494 expenses = $700 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,279
Downpayment
20%
$45,980
Closing costs
1%
$2,299
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,794
Total Expenses
$2,494
Mortgage P&I
69%
$1,241
Property Taxes
17%
$312
Home Insurance
4%
$80
HOA
0%
$0
Property Management
15%
$269
CapEx
4%
$72
Vacancy
0%
$0
Maintenance
4%
$72
Other
25%
$448