This property looks like a bad Airbnb investment with a projected -6% first-year return on $69,786 initial cash invested.
-6%
Cash On Cash
4.8%
Cap Rate
0.79
DSCR
$2,257
Rent
-$349
Cashflow
Cash Flow
$2,257 income − $2,606 expenses = $349 out of pocket
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,786
Downpayment
20%
$49,320
Closing costs
1%
$2,466
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,257
Total Expenses
$2,606
Mortgage P&I
55%
$1,246
Property Taxes
8%
$188
Home Insurance
4%
$89
HOA
0%
$0
Property Management
15%
$339
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$564