This property looks like a bad Airbnb investment with a projected -1.99% first-year return on $69,240 initial cash invested.
-1.99%
Cash On Cash
6.22%
Cap Rate
1
DSCR
$2,821
Rent
-$115
Cashflow
Cash Flow
$2,821 income − $2,936 expenses = $115 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,240
Downpayment
20%
$48,800
Closing costs
1%
$2,440
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,821
Total Expenses
$2,936
Mortgage P&I
45%
$1,267
Property Taxes
4%
$109
Home Insurance
3%
$91
HOA
4%
$115
Property Management
15%
$423
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$705