This property looks like a bad Airbnb investment with a projected -17.03% first-year return on $66,783 initial cash invested.
-17.03%
Cash On Cash
2.01%
Cap Rate
0.3
DSCR
$1,246
Rent
-$948
Cashflow
Cash Flow
$1,246 income − $2,194 expenses = $948 out of pocket
Investment Breakdown
|
Purchase Price
$232k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,783
Downpayment
20%
$46,460
Closing costs
1%
$2,323
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,246
Total Expenses
$2,194
Mortgage P&I
103%
$1,287
Property Taxes
18%
$224
Home Insurance
7%
$84
HOA
0%
$0
Property Management
15%
$187
CapEx
4%
$50
Vacancy
0%
$0
Maintenance
4%
$50
Other
25%
$312