This property looks like a bad Airbnb investment with a projected -8.63% first-year return on $70,500 initial cash invested.
-8.63%
Cash On Cash
4.2%
Cap Rate
0.68
DSCR
$2,302
Rent
-$507
Cashflow
Cash Flow
$2,302 income − $2,809 expenses = $507 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,500
Downpayment
20%
$50,000
Closing costs
1%
$2,500
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,302
Total Expenses
$2,809
Mortgage P&I
56%
$1,289
Property Taxes
14%
$327
Home Insurance
4%
$88
HOA
0%
$0
Property Management
15%
$345
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$576