This property looks like a bad Airbnb investment with a projected -11.6% first-year return on $68,400 initial cash invested.
-11.6%
Cash On Cash
3.47%
Cap Rate
0.54
DSCR
$1,585
Rent
-$661
Cashflow
Cash Flow
$1,585 income − $2,246 expenses = $661 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,400
Downpayment
20%
$48,000
Closing costs
1%
$2,400
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,585
Total Expenses
$2,246
Mortgage P&I
82%
$1,292
Property Taxes
7%
$110
Home Insurance
5%
$84
HOA
0%
$0
Property Management
15%
$238
CapEx
4%
$63
Vacancy
0%
$0
Maintenance
4%
$63
Other
25%
$396