This property looks like a bad Airbnb investment with a projected -1.03% first-year return on $69,954 initial cash invested.
-1.03%
Cash On Cash
6.67%
Cap Rate
1.04
DSCR
$2,787
Rent
-$60
Cashflow
Cash Flow
$2,787 income − $2,847 expenses = $60 out of pocket
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,954
Downpayment
20%
$49,480
Closing costs
1%
$2,474
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,787
Total Expenses
$2,847
Mortgage P&I
48%
$1,325
Property Taxes
3%
$97
Home Insurance
3%
$88
HOA
0%
$0
Property Management
15%
$418
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$697