This property looks like a bad Airbnb investment with a projected -2.11% first-year return on $68,169 initial cash invested.
-2.11%
Cash On Cash
6.32%
Cap Rate
1.01
DSCR
$3,364
Rent
-$120
Cashflow
Cash Flow
$3,364 income − $3,484 expenses = $120 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,169
Downpayment
20%
$47,780
Closing costs
1%
$2,389
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,364
Total Expenses
$3,484
Mortgage P&I
37%
$1,244
Property Taxes
16%
$536
Home Insurance
3%
$88
HOA
0%
$0
Property Management
15%
$505
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$841