This property looks like a bad Airbnb investment with a projected -15.4% first-year return on $66,636 initial cash invested.
-15.4%
Cash On Cash
2.16%
Cap Rate
0.35
DSCR
$1,736
Rent
-$855
Cashflow
Cash Flow
$1,736 income − $2,591 expenses = $855 out of pocket
Investment Breakdown
|
Purchase Price
$232k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,636
Downpayment
20%
$46,320
Closing costs
1%
$2,316
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,736
Total Expenses
$2,591
Mortgage P&I
69%
$1,202
Property Taxes
27%
$477
Home Insurance
5%
$80
HOA
0%
$0
Property Management
15%
$260
CapEx
4%
$69
Vacancy
0%
$0
Maintenance
4%
$69
Other
25%
$434