This property looks like a bad Airbnb investment with a projected -1.27% first-year return on $69,954 initial cash invested.
-1.27%
Cash On Cash
7.09%
Cap Rate
1.04
DSCR
$3,326
Rent
-$74
Cashflow
Cash Flow
$3,326 income − $3,400 expenses = $74 out of pocket
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,954
Downpayment
20%
$49,480
Closing costs
1%
$2,474
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,326
Total Expenses
$3,400
Mortgage P&I
42%
$1,403
Property Taxes
9%
$312
Home Insurance
3%
$88
HOA
0%
$0
Property Management
15%
$499
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$832