This property looks like a bad Airbnb investment with a projected -9.81% first-year return on $70,353 initial cash invested.
-9.81%
Cash On Cash
4.08%
Cap Rate
0.64
DSCR
$2,306
Rent
-$575
Cashflow
Cash Flow
$2,306 income − $2,881 expenses = $575 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,353
Downpayment
20%
$49,860
Closing costs
1%
$2,493
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,306
Total Expenses
$2,881
Mortgage P&I
58%
$1,330
Property Taxes
16%
$359
Home Insurance
4%
$86
HOA
0%
$0
Property Management
15%
$346
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$576