This property looks like a bad Airbnb investment with a projected -5.5% first-year return on $70,500 initial cash invested.
-5.5%
Cash On Cash
5.48%
Cap Rate
0.84
DSCR
$2,554
Rent
-$323
Cashflow
Cash Flow
$2,554 income − $2,877 expenses = $323 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,500
Downpayment
20%
$50,000
Closing costs
1%
$2,500
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,554
Total Expenses
$2,877
Mortgage P&I
53%
$1,362
Property Taxes
8%
$202
Home Insurance
3%
$88
HOA
0%
$0
Property Management
15%
$383
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$638