This property looks like a bad Airbnb investment with a projected -10.9% first-year return on $70,479 initial cash invested.
-10.9%
Cash On Cash
3.72%
Cap Rate
0.58
DSCR
$1,756
Rent
-$640
Cashflow
Cash Flow
$1,756 income − $2,396 expenses = $640 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,479
Downpayment
20%
$49,980
Closing costs
1%
$2,499
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,756
Total Expenses
$2,396
Mortgage P&I
77%
$1,345
Property Taxes
7%
$121
Home Insurance
5%
$88
HOA
0%
$0
Property Management
15%
$263
CapEx
4%
$70
Vacancy
0%
$0
Maintenance
4%
$70
Other
25%
$439