This property looks like a bad Airbnb investment with a projected -10.61% first-year return on $68,190 initial cash invested.
-10.61%
Cash On Cash
4.26%
Cap Rate
0.63
DSCR
$2,478
Rent
-$603
Cashflow
Cash Flow
$2,478 income − $3,081 expenses = $603 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,190
Downpayment
20%
$47,800
Closing costs
1%
$2,390
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,478
Total Expenses
$3,081
Mortgage P&I
55%
$1,353
Property Taxes
18%
$454
Home Insurance
3%
$84
HOA
0%
$0
Property Management
15%
$372
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$620