This property looks like a bad Airbnb investment with a projected -15.8% first-year return on $69,030 initial cash invested.
-15.8%
Cash On Cash
2.29%
Cap Rate
0.36
DSCR
$1,722
Rent
-$909
Cashflow
Cash Flow
$1,722 income − $2,631 expenses = $909 out of pocket
Investment Breakdown
|
Purchase Price
$243k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,030
Downpayment
20%
$48,600
Closing costs
1%
$2,430
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,722
Total Expenses
$2,631
Mortgage P&I
76%
$1,304
Property Taxes
24%
$413
Home Insurance
5%
$88
HOA
0%
$0
Property Management
15%
$258
CapEx
4%
$69
Vacancy
0%
$0
Maintenance
4%
$69
Other
25%
$430