This property looks like a bad Airbnb investment with a projected -16.16% first-year return on $68,001 initial cash invested.
-16.16%
Cash On Cash
2.4%
Cap Rate
0.36
DSCR
$1,778
Rent
-$916
Cashflow
Cash Flow
$1,778 income − $2,694 expenses = $916 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,001
Downpayment
20%
$47,620
Closing costs
1%
$2,381
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,778
Total Expenses
$2,694
Mortgage P&I
74%
$1,322
Property Taxes
24%
$419
Home Insurance
6%
$100
HOA
0%
$0
Property Management
15%
$267
CapEx
4%
$71
Vacancy
0%
$0
Maintenance
4%
$71
Other
25%
$444