This property looks like a bad Airbnb investment with a projected -5.12% first-year return on $65,880 initial cash invested.
-5.12%
Cash On Cash
5.22%
Cap Rate
0.85
DSCR
$2,803
Rent
-$281
Cashflow
Cash Flow
$2,803 income − $3,084 expenses = $281 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,880
Downpayment
20%
$45,600
Closing costs
1%
$2,280
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,803
Total Expenses
$3,084
Mortgage P&I
41%
$1,161
Property Taxes
17%
$478
Home Insurance
4%
$100
HOA
0%
$0
Property Management
15%
$420
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$701