This property looks like a bad Airbnb investment with a projected -2.83% first-year return on $65,229 initial cash invested.
-2.83%
Cash On Cash
6.58%
Cap Rate
0.98
DSCR
$3,195
Rent
-$154
Cashflow
Cash Flow
$3,195 income − $3,349 expenses = $154 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,229
Downpayment
20%
$44,980
Closing costs
1%
$2,249
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,195
Total Expenses
$3,349
Mortgage P&I
39%
$1,260
Property Taxes
15%
$475
Home Insurance
3%
$80
HOA
0%
$0
Property Management
15%
$479
CapEx
4%
$128
Vacancy
0%
$0
Maintenance
4%
$128
Other
25%
$799