This property looks like a bad Airbnb investment with a projected -3.93% first-year return on $69,240 initial cash invested.
-3.93%
Cash On Cash
5.88%
Cap Rate
0.91
DSCR
$2,710
Rent
-$227
Cashflow
Cash Flow
$2,710 income − $2,937 expenses = $227 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,240
Downpayment
20%
$48,800
Closing costs
1%
$2,440
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,710
Total Expenses
$2,937
Mortgage P&I
49%
$1,315
Property Taxes
8%
$215
Home Insurance
3%
$86
HOA
1%
$21
Property Management
15%
$406
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$678