This property looks like a bad Airbnb investment with a projected -6.42% first-year return on $67,287 initial cash invested.
-6.42%
Cash On Cash
5.04%
Cap Rate
0.78
DSCR
$2,179
Rent
-$360
Cashflow
Cash Flow
$2,179 income − $2,539 expenses = $360 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,287
Downpayment
20%
$46,940
Closing costs
1%
$2,347
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,179
Total Expenses
$2,539
Mortgage P&I
58%
$1,259
Property Taxes
7%
$150
Home Insurance
4%
$84
HOA
0%
$0
Property Management
15%
$327
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$545