This property looks like a bad Airbnb investment with a projected -14.35% first-year return on $66,552 initial cash invested.
-14.35%
Cash On Cash
2.72%
Cap Rate
0.42
DSCR
$2,021
Rent
-$796
Cashflow
Cash Flow
$2,021 income − $2,817 expenses = $796 out of pocket
Investment Breakdown
|
Purchase Price
$231k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,552
Downpayment
20%
$46,240
Closing costs
1%
$2,312
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,021
Total Expenses
$2,817
Mortgage P&I
61%
$1,240
Property Taxes
26%
$525
Home Insurance
4%
$82
HOA
0%
$0
Property Management
15%
$303
CapEx
4%
$81
Vacancy
0%
$0
Maintenance
4%
$81
Other
25%
$505