This property looks like a bad Airbnb investment with a projected -5.86% first-year return on $66,573 initial cash invested.
-5.86%
Cash On Cash
5.5%
Cap Rate
0.83
DSCR
$2,651
Rent
-$325
Cashflow
Cash Flow
$2,651 income − $2,976 expenses = $325 out of pocket
Investment Breakdown
|
Purchase Price
$231k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,573
Downpayment
20%
$46,260
Closing costs
1%
$2,313
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,651
Total Expenses
$2,976
Mortgage P&I
48%
$1,280
Property Taxes
13%
$339
Home Insurance
3%
$84
HOA
0%
$0
Property Management
15%
$398
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$663