This property looks like a bad Airbnb investment with a projected -17.99% first-year return on $66,090 initial cash invested.
-17.99%
Cash On Cash
1.83%
Cap Rate
0.27
DSCR
$1,597
Rent
-$991
Cashflow
Cash Flow
$1,597 income − $2,588 expenses = $991 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,090
Downpayment
20%
$45,800
Closing costs
1%
$2,290
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,597
Total Expenses
$2,588
Mortgage P&I
80%
$1,276
Property Taxes
29%
$465
Home Insurance
5%
$80
HOA
0%
$0
Property Management
15%
$240
CapEx
4%
$64
Vacancy
0%
$0
Maintenance
4%
$64
Other
25%
$399