This property looks like a bad Airbnb investment with a projected -11.42% first-year return on $65,145 initial cash invested.
-11.42%
Cash On Cash
3.44%
Cap Rate
0.53
DSCR
$1,348
Rent
-$620
Cashflow
Cash Flow
$1,348 income − $1,968 expenses = $620 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,145
Downpayment
20%
$44,900
Closing costs
1%
$2,245
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,348
Total Expenses
$1,968
Mortgage P&I
90%
$1,210
Property Taxes
2%
$24
Home Insurance
6%
$87
HOA
0%
$0
Property Management
15%
$202
CapEx
4%
$54
Vacancy
0%
$0
Maintenance
4%
$54
Other
25%
$337