This property looks like a bad Airbnb investment with a projected -16.45% first-year return on $70,164 initial cash invested.
-16.45%
Cash On Cash
2.06%
Cap Rate
0.32
DSCR
$1,228
Rent
-$962
Cashflow
Cash Flow
$1,228 income − $2,190 expenses = $962 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,164
Downpayment
20%
$49,680
Closing costs
1%
$2,484
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,228
Total Expenses
$2,190
Mortgage P&I
109%
$1,339
Property Taxes
14%
$174
Home Insurance
7%
$88
HOA
0%
$0
Property Management
15%
$184
CapEx
4%
$49
Vacancy
0%
$0
Maintenance
4%
$49
Other
25%
$307