This property looks like a bad Airbnb investment with a projected -16.21% first-year return on $69,744 initial cash invested.
-16.21%
Cash On Cash
2.04%
Cap Rate
0.32
DSCR
$1,075
Rent
-$942
Cashflow
Cash Flow
$1,075 income − $2,017 expenses = $942 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,744
Downpayment
20%
$49,280
Closing costs
1%
$2,464
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,075
Total Expenses
$2,017
Mortgage P&I
123%
$1,318
Property Taxes
8%
$84
Home Insurance
9%
$99
HOA
0%
$0
Property Management
15%
$161
CapEx
4%
$43
Vacancy
0%
$0
Maintenance
4%
$43
Other
25%
$269