This property looks like a bad Airbnb investment with a projected -3.1% first-year return on $66,090 initial cash invested.
-3.1%
Cash On Cash
5.92%
Cap Rate
0.93
DSCR
$2,227
Rent
-$171
Cashflow
Cash Flow
$2,227 income − $2,398 expenses = $171 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,090
Downpayment
20%
$45,800
Closing costs
1%
$2,290
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,227
Total Expenses
$2,398
Mortgage P&I
54%
$1,212
Property Taxes
2%
$37
Home Insurance
4%
$80
HOA
0%
$0
Property Management
15%
$334
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$557