This property looks like a bad Airbnb investment with a projected -5.5% first-year return on $68,757 initial cash invested.
-5.5%
Cash On Cash
5.32%
Cap Rate
0.83
DSCR
$2,321
Rent
-$315
Cashflow
Cash Flow
$2,321 income − $2,636 expenses = $315 out of pocket
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,757
Downpayment
20%
$48,340
Closing costs
1%
$2,417
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,321
Total Expenses
$2,636
Mortgage P&I
56%
$1,294
Property Taxes
6%
$142
Home Insurance
4%
$86
HOA
0%
$0
Property Management
15%
$348
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$580