This property looks like a bad Airbnb investment with a projected -16.19% first-year return on $66,720 initial cash invested.
-16.19%
Cash On Cash
2.49%
Cap Rate
0.37
DSCR
$2,060
Rent
-$900
Cashflow
Cash Flow
$2,060 income − $2,960 expenses = $900 out of pocket
Investment Breakdown
|
Purchase Price
$232k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,720
Downpayment
20%
$46,400
Closing costs
1%
$2,320
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,060
Total Expenses
$2,960
Mortgage P&I
63%
$1,299
Property Taxes
27%
$546
Home Insurance
4%
$81
HOA
2%
$46
Property Management
15%
$309
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$515