This property looks like a bad Airbnb investment with a projected -7.37% first-year return on $65,103 initial cash invested.
-7.37%
Cash On Cash
4.49%
Cap Rate
0.72
DSCR
$1,899
Rent
-$400
Cashflow
Cash Flow
$1,899 income − $2,299 expenses = $400 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,103
Downpayment
20%
$44,860
Closing costs
1%
$2,243
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,899
Total Expenses
$2,299
Mortgage P&I
61%
$1,164
Property Taxes
8%
$143
Home Insurance
4%
$80
HOA
0%
$0
Property Management
15%
$285
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$475