This property looks like a bad Airbnb investment with a projected -18.43% first-year return on $68,379 initial cash invested.
-18.43%
Cash On Cash
1.77%
Cap Rate
0.26
DSCR
$1,405
Rent
-$1,050
Cashflow
Cash Flow
$1,405 income − $2,455 expenses = $1,050 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,379
Downpayment
20%
$47,980
Closing costs
1%
$2,399
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,405
Total Expenses
$2,455
Mortgage P&I
96%
$1,347
Property Taxes
25%
$350
Home Insurance
6%
$84
HOA
0%
$0
Property Management
15%
$211
CapEx
4%
$56
Vacancy
0%
$0
Maintenance
4%
$56
Other
25%
$351