This property looks like a bad Airbnb investment with a projected -4.58% first-year return on $70,479 initial cash invested.
-4.58%
Cash On Cash
5.87%
Cap Rate
0.88
DSCR
$2,575
Rent
-$269
Cashflow
Cash Flow
$2,575 income − $2,844 expenses = $269 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,479
Downpayment
20%
$49,980
Closing costs
1%
$2,499
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,575
Total Expenses
$2,844
Mortgage P&I
54%
$1,389
Property Taxes
5%
$131
Home Insurance
3%
$88
HOA
0%
$0
Property Management
15%
$386
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$644