This property looks like a bad Airbnb investment with a projected -15.95% first-year return on $69,051 initial cash invested.
-15.95%
Cash On Cash
1.87%
Cap Rate
0.3
DSCR
$942
Rent
-$918
Cashflow
Cash Flow
$942 income − $1,860 expenses = $918 out of pocket
Investment Breakdown
|
Purchase Price
$243k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,051
Downpayment
20%
$48,620
Closing costs
1%
$2,431
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$942
Total Expenses
$1,860
Mortgage P&I
134%
$1,259
Property Taxes
6%
$61
Home Insurance
9%
$87
HOA
0%
$0
Property Management
15%
$141
CapEx
4%
$38
Vacancy
0%
$0
Maintenance
4%
$38
Other
25%
$236