This property looks like a bad Airbnb investment with a projected -10.47% first-year return on $68,421 initial cash invested.
-10.47%
Cash On Cash
4.08%
Cap Rate
0.61
DSCR
$1,936
Rent
-$597
Cashflow
Cash Flow
$1,936 income − $2,533 expenses = $597 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,421
Downpayment
20%
$48,020
Closing costs
1%
$2,401
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,936
Total Expenses
$2,533
Mortgage P&I
69%
$1,336
Property Taxes
9%
$181
Home Insurance
5%
$88
HOA
0%
$0
Property Management
15%
$290
CapEx
4%
$77
Vacancy
0%
$0
Maintenance
4%
$77
Other
25%
$484