This property looks like a bad Airbnb investment with a projected -7.73% first-year return on $70,017 initial cash invested.
-7.73%
Cash On Cash
4.99%
Cap Rate
0.74
DSCR
$2,357
Rent
-$451
Cashflow
Cash Flow
$2,357 income − $2,808 expenses = $451 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,017
Downpayment
20%
$49,540
Closing costs
1%
$2,477
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,357
Total Expenses
$2,808
Mortgage P&I
59%
$1,386
Property Taxes
9%
$203
Home Insurance
4%
$88
HOA
0%
$0
Property Management
15%
$354
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$589