This property looks like a bad Airbnb investment with a projected -23.49% first-year return on $65,250 initial cash invested.
-23.49%
Cash On Cash
0.07%
Cap Rate
0.01
DSCR
$928
Rent
-$1,277
Cashflow
Cash Flow
$928 income − $2,205 expenses = $1,277 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,250
Downpayment
20%
$45,000
Closing costs
1%
$2,250
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$928
Total Expenses
$2,205
Mortgage P&I
135%
$1,254
Property Taxes
46%
$427
Home Insurance
9%
$79
HOA
0%
$0
Property Management
15%
$139
CapEx
4%
$37
Vacancy
0%
$0
Maintenance
4%
$37
Other
25%
$232