This property looks like a bad Airbnb investment with a projected -8.2% first-year return on $65,985 initial cash invested.
-8.2%
Cash On Cash
4.51%
Cap Rate
0.71
DSCR
$2,567
Rent
-$451
Cashflow
Cash Flow
$2,567 income − $3,018 expenses = $451 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,985
Downpayment
20%
$45,700
Closing costs
1%
$2,285
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,567
Total Expenses
$3,018
Mortgage P&I
47%
$1,207
Property Taxes
19%
$498
Home Insurance
3%
$80
HOA
0%
$0
Property Management
15%
$385
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$642