This property looks like a bad Airbnb investment with a projected -7.11% first-year return on $69,660 initial cash invested.
-7.11%
Cash On Cash
4.96%
Cap Rate
0.76
DSCR
$2,178
Rent
-$413
Cashflow
Cash Flow
$2,178 income − $2,591 expenses = $413 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,660
Downpayment
20%
$49,200
Closing costs
1%
$2,460
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,178
Total Expenses
$2,591
Mortgage P&I
62%
$1,343
Property Taxes
3%
$74
Home Insurance
4%
$89
HOA
2%
$40
Property Management
15%
$327
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$544