This property looks like a bad Airbnb investment with a projected -9.66% first-year return on $65,250 initial cash invested.
-9.66%
Cash On Cash
3.96%
Cap Rate
0.62
DSCR
$1,584
Rent
-$525
Cashflow
Cash Flow
$1,584 income − $2,109 expenses = $525 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,250
Downpayment
20%
$45,000
Closing costs
1%
$2,250
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,584
Total Expenses
$2,109
Mortgage P&I
76%
$1,204
Property Taxes
4%
$66
Home Insurance
5%
$79
HOA
0%
$0
Property Management
15%
$238
CapEx
4%
$63
Vacancy
0%
$0
Maintenance
4%
$63
Other
25%
$396