This property looks like a bad Airbnb investment with a projected -8.66% first-year return on $65,943 initial cash invested.
-8.66%
Cash On Cash
4.36%
Cap Rate
0.68
DSCR
$2,020
Rent
-$476
Cashflow
Cash Flow
$2,020 income − $2,496 expenses = $476 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,943
Downpayment
20%
$45,660
Closing costs
1%
$2,283
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,020
Total Expenses
$2,496
Mortgage P&I
61%
$1,225
Property Taxes
11%
$217
Home Insurance
4%
$84
HOA
0%
$0
Property Management
15%
$303
CapEx
4%
$81
Vacancy
0%
$0
Maintenance
4%
$81
Other
25%
$505