This property looks like a bad Airbnb investment with a projected -13.91% first-year return on $68,946 initial cash invested.
-13.91%
Cash On Cash
2.63%
Cap Rate
0.42
DSCR
$1,559
Rent
-$799
Cashflow
Cash Flow
$1,559 income − $2,358 expenses = $799 out of pocket
Investment Breakdown
|
Purchase Price
$243k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,946
Downpayment
20%
$48,520
Closing costs
1%
$2,426
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,559
Total Expenses
$2,358
Mortgage P&I
81%
$1,269
Property Taxes
16%
$255
Home Insurance
6%
$86
HOA
0%
$0
Property Management
15%
$234
CapEx
4%
$62
Vacancy
0%
$0
Maintenance
4%
$62
Other
25%
$390