This property looks like a bad Airbnb investment with a projected -4.31% first-year return on $67,455 initial cash invested.
-4.31%
Cash On Cash
5.73%
Cap Rate
0.88
DSCR
$2,371
Rent
-$242
Cashflow
Cash Flow
$2,371 income − $2,613 expenses = $242 out of pocket
Investment Breakdown
|
Purchase Price
$236k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,455
Downpayment
20%
$47,100
Closing costs
1%
$2,355
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,371
Total Expenses
$2,613
Mortgage P&I
54%
$1,271
Property Taxes
4%
$98
Home Insurance
4%
$84
HOA
1%
$21
Property Management
15%
$356
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$593