This property looks like a bad Airbnb investment with a projected -10.57% first-year return on $70,479 initial cash invested.
-10.57%
Cash On Cash
3.7%
Cap Rate
0.59
DSCR
$2,379
Rent
-$621
Cashflow
Cash Flow
$2,379 income − $3,000 expenses = $621 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,479
Downpayment
20%
$49,980
Closing costs
1%
$2,499
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,379
Total Expenses
$3,000
Mortgage P&I
55%
$1,297
Property Taxes
20%
$473
Home Insurance
4%
$88
HOA
0%
$0
Property Management
15%
$357
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$595