This property looks like a bad Airbnb investment with a projected -0.7% first-year return on $68,421 initial cash invested.
-0.7%
Cash On Cash
7.11%
Cap Rate
1.05
DSCR
$2,731
Rent
-$40
Cashflow
Cash Flow
$2,731 income − $2,771 expenses = $40 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,421
Downpayment
20%
$48,020
Closing costs
1%
$2,401
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,731
Total Expenses
$2,771
Mortgage P&I
50%
$1,354
Property Taxes
4%
$106
Home Insurance
0%
$0
HOA
0%
$0
Property Management
15%
$410
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$683