This property looks like a bad Airbnb investment with a projected -14.18% first-year return on $70,500 initial cash invested.
-14.18%
Cash On Cash
3.24%
Cap Rate
0.47
DSCR
$1,883
Rent
-$833
Cashflow
Cash Flow
$1,883 income − $2,716 expenses = $833 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,500
Downpayment
20%
$50,000
Closing costs
1%
$2,500
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,883
Total Expenses
$2,716
Mortgage P&I
76%
$1,433
Property Taxes
16%
$292
Home Insurance
5%
$88
HOA
0%
$0
Property Management
15%
$282
CapEx
4%
$75
Vacancy
0%
$0
Maintenance
4%
$75
Other
25%
$471