This property looks like a bad Airbnb investment with a projected -8.52% first-year return on $70,164 initial cash invested.
-8.52%
Cash On Cash
4.7%
Cap Rate
0.7
DSCR
$2,220
Rent
-$498
Cashflow
Cash Flow
$2,220 income − $2,718 expenses = $498 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,164
Downpayment
20%
$49,680
Closing costs
1%
$2,484
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,220
Total Expenses
$2,718
Mortgage P&I
62%
$1,381
Property Taxes
8%
$182
Home Insurance
4%
$89
HOA
0%
$0
Property Management
15%
$333
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$555