This property looks like a bad Airbnb investment with a projected -1.2% first-year return on $67,833 initial cash invested.
-1.2%
Cash On Cash
6.64%
Cap Rate
1.05
DSCR
$3,121
Rent
-$68
Cashflow
Cash Flow
$3,121 income − $3,189 expenses = $68 out of pocket
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,833
Downpayment
20%
$47,460
Closing costs
1%
$2,373
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,121
Total Expenses
$3,189
Mortgage P&I
40%
$1,256
Property Taxes
11%
$351
Home Insurance
3%
$84
HOA
0%
$0
Property Management
15%
$468
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$780