This property looks like a bad Airbnb investment with a projected -4.6% first-year return on $66,300 initial cash invested.
-4.6%
Cash On Cash
5.86%
Cap Rate
0.87
DSCR
$2,337
Rent
-$254
Cashflow
Cash Flow
$2,337 income − $2,591 expenses = $254 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,337
Total Expenses
$2,591
Mortgage P&I
55%
$1,285
Property Taxes
4%
$105
Home Insurance
3%
$80
HOA
0%
$0
Property Management
15%
$351
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$584