This property looks like a bad Airbnb investment with a projected -8.88% first-year return on $69,450 initial cash invested.
-8.88%
Cash On Cash
4.5%
Cap Rate
0.68
DSCR
$1,872
Rent
-$514
Cashflow
Cash Flow
$1,872 income − $2,386 expenses = $514 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,872
Total Expenses
$2,386
Mortgage P&I
72%
$1,357
Property Taxes
2%
$44
Home Insurance
5%
$86
HOA
0%
$0
Property Management
15%
$281
CapEx
4%
$75
Vacancy
0%
$0
Maintenance
4%
$75
Other
25%
$468