This property looks like a bad Airbnb investment with a projected -7.89% first-year return on $69,681 initial cash invested.
-7.89%
Cash On Cash
4.5%
Cap Rate
0.71
DSCR
$2,076
Rent
-$458
Cashflow
Cash Flow
$2,076 income − $2,534 expenses = $458 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,681
Downpayment
20%
$49,220
Closing costs
1%
$2,461
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,076
Total Expenses
$2,534
Mortgage P&I
63%
$1,298
Property Taxes
7%
$152
Home Insurance
4%
$88
HOA
0%
$0
Property Management
15%
$311
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$519