This property looks like a bad Airbnb investment with a projected -6.21% first-year return on $67,098 initial cash invested.
-6.21%
Cash On Cash
5.59%
Cap Rate
0.82
DSCR
$2,800
Rent
-$347
Cashflow
Cash Flow
$2,800 income − $3,147 expenses = $347 out of pocket
Investment Breakdown
|
Purchase Price
$234k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,098
Downpayment
20%
$46,760
Closing costs
1%
$2,338
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,800
Total Expenses
$3,147
Mortgage P&I
47%
$1,324
Property Taxes
14%
$397
Home Insurance
3%
$82
HOA
0%
$0
Property Management
15%
$420
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$700