This property looks like a bad Airbnb investment with a projected -11.36% first-year return on $70,479 initial cash invested.
-11.36%
Cash On Cash
3.93%
Cap Rate
0.59
DSCR
$2,553
Rent
-$667
Cashflow
Cash Flow
$2,553 income − $3,220 expenses = $667 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,479
Downpayment
20%
$49,980
Closing costs
1%
$2,499
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,553
Total Expenses
$3,220
Mortgage P&I
54%
$1,384
Property Taxes
20%
$523
Home Insurance
3%
$88
HOA
0%
$0
Property Management
15%
$383
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$638