This property looks like a bad Airbnb investment with a projected -12.85% first-year return on $70,500 initial cash invested.
-12.85%
Cash On Cash
3.31%
Cap Rate
0.5
DSCR
$1,603
Rent
-$755
Cashflow
Cash Flow
$1,603 income − $2,358 expenses = $755 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,500
Downpayment
20%
$50,000
Closing costs
1%
$2,500
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,603
Total Expenses
$2,358
Mortgage P&I
86%
$1,381
Property Taxes
7%
$120
Home Insurance
5%
$88
HOA
0%
$0
Property Management
15%
$240
CapEx
4%
$64
Vacancy
0%
$0
Maintenance
4%
$64
Other
25%
$401