This property looks like a bad Airbnb investment with a projected -15.65% first-year return on $67,938 initial cash invested.
-15.65%
Cash On Cash
2.61%
Cap Rate
0.39
DSCR
$1,839
Rent
-$886
Cashflow
Cash Flow
$1,839 income − $2,725 expenses = $886 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,938
Downpayment
20%
$47,560
Closing costs
1%
$2,378
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,839
Total Expenses
$2,725
Mortgage P&I
72%
$1,330
Property Taxes
23%
$425
Home Insurance
5%
$86
HOA
0%
$0
Property Management
15%
$276
CapEx
4%
$74
Vacancy
0%
$0
Maintenance
4%
$74
Other
25%
$460