This property looks like a bad Airbnb investment with a projected -9.84% first-year return on $65,943 initial cash invested.
-9.84%
Cash On Cash
4.07%
Cap Rate
0.63
DSCR
$2,214
Rent
-$541
Cashflow
Cash Flow
$2,214 income − $2,755 expenses = $541 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,943
Downpayment
20%
$45,660
Closing costs
1%
$2,283
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,214
Total Expenses
$2,755
Mortgage P&I
55%
$1,226
Property Taxes
17%
$385
Home Insurance
4%
$80
HOA
0%
$0
Property Management
15%
$332
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$554