This property looks like a bad Airbnb investment with a projected -3.46% first-year return on $67,203 initial cash invested.
-3.46%
Cash On Cash
6.27%
Cap Rate
0.94
DSCR
$2,988
Rent
-$194
Cashflow
Cash Flow
$2,988 income − $3,182 expenses = $194 out of pocket
Investment Breakdown
|
Purchase Price
$234k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,203
Downpayment
20%
$46,860
Closing costs
1%
$2,343
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,988
Total Expenses
$3,182
Mortgage P&I
43%
$1,298
Property Taxes
12%
$365
Home Insurance
3%
$84
HOA
0%
$0
Property Management
15%
$448
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$747