This property looks like a bad Airbnb investment with a projected -24.92% first-year return on $70,500 initial cash invested.
-24.92%
Cash On Cash
-0.04%
Cap Rate
-0.01
DSCR
$1,562
Rent
-$1,464
Cashflow
Cash Flow
$1,562 income − $3,026 expenses = $1,464 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,500
Downpayment
20%
$50,000
Closing costs
1%
$2,500
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,562
Total Expenses
$3,026
Mortgage P&I
89%
$1,393
Property Taxes
51%
$797
Home Insurance
6%
$88
HOA
0%
$0
Property Management
15%
$234
CapEx
4%
$62
Vacancy
0%
$0
Maintenance
4%
$62
Other
25%
$390