This property looks like a bad Airbnb investment with a projected -14.92% first-year return on $68,379 initial cash invested.
-14.92%
Cash On Cash
2.35%
Cap Rate
0.37
DSCR
$1,224
Rent
-$850
Cashflow
Cash Flow
$1,224 income − $2,074 expenses = $850 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,224
Total Expenses
$2,074
Mortgage P&I
104%
$1,271
Property Taxes
11%
$131
Home Insurance
7%
$84
HOA
0%
$0
Property Management
15%
$184
CapEx
4%
$49
Vacancy
0%
$0
Maintenance
4%
$49
Other
25%
$306