This property looks like a bad Airbnb investment with a projected -10.69% first-year return on $70,479 initial cash invested.
-10.69%
Cash On Cash
3.88%
Cap Rate
0.59
DSCR
$1,626
Rent
-$628
Cashflow
Cash Flow
$1,626 income − $2,254 expenses = $628 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,626
Total Expenses
$2,254
Mortgage P&I
84%
$1,372
Property Taxes
1%
$14
Home Insurance
5%
$88
HOA
0%
$0
Property Management
15%
$244
CapEx
4%
$65
Vacancy
0%
$0
Maintenance
4%
$65
Other
25%
$406