This property looks like a bad Airbnb investment with a projected -9.28% first-year return on $65,460 initial cash invested.
-9.28%
Cash On Cash
4.45%
Cap Rate
0.67
DSCR
$2,173
Rent
-$506
Cashflow
Cash Flow
$2,173 income − $2,679 expenses = $506 out of pocket
Investment Breakdown
|
Purchase Price
$226k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,460
Downpayment
20%
$45,200
Closing costs
1%
$2,260
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,173
Total Expenses
$2,679
Mortgage P&I
58%
$1,258
Property Taxes
14%
$299
Home Insurance
4%
$79
HOA
0%
$0
Property Management
15%
$326
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$543