This property looks like a bad Airbnb investment with a projected -5.99% first-year return on $66,279 initial cash invested.
-5.99%
Cash On Cash
5.3%
Cap Rate
0.81
DSCR
$2,484
Rent
-$331
Cashflow
Cash Flow
$2,484 income − $2,815 expenses = $331 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,279
Downpayment
20%
$45,980
Closing costs
1%
$2,299
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,484
Total Expenses
$2,815
Mortgage P&I
50%
$1,247
Property Taxes
12%
$296
Home Insurance
3%
$80
HOA
0%
$0
Property Management
15%
$373
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$621