This property looks like a bad Airbnb investment with a projected -6.41% first-year return on $66,300 initial cash invested.
-6.41%
Cash On Cash
5.06%
Cap Rate
0.79
DSCR
$2,279
Rent
-$354
Cashflow
Cash Flow
$2,279 income − $2,633 expenses = $354 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,279
Total Expenses
$2,633
Mortgage P&I
54%
$1,233
Property Taxes
10%
$226
Home Insurance
4%
$80
HOA
0%
$0
Property Management
15%
$342
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$570