This property looks like a bad Airbnb investment with a projected -4.01% first-year return on $67,350 initial cash invested.
-4.01%
Cash On Cash
5.75%
Cap Rate
0.9
DSCR
$2,334
Rent
-$225
Cashflow
Cash Flow
$2,334 income − $2,559 expenses = $225 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,350
Downpayment
20%
$47,000
Closing costs
1%
$2,350
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,334
Total Expenses
$2,559
Mortgage P&I
54%
$1,259
Property Taxes
4%
$98
Home Insurance
4%
$82
HOA
0%
$0
Property Management
15%
$350
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$584