This property looks like a bad Airbnb investment with a projected -9.57% first-year return on $64,830 initial cash invested.
-9.57%
Cash On Cash
4.33%
Cap Rate
0.64
DSCR
$1,812
Rent
-$517
Cashflow
Cash Flow
$1,812 income − $2,329 expenses = $517 out of pocket
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,830
Downpayment
20%
$44,600
Closing costs
1%
$2,230
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,812
Total Expenses
$2,329
Mortgage P&I
69%
$1,250
Property Taxes
7%
$132
Home Insurance
4%
$78
HOA
0%
$0
Property Management
15%
$272
CapEx
4%
$72
Vacancy
0%
$0
Maintenance
4%
$72
Other
25%
$453