This property looks like a bad Airbnb investment with a projected -13.94% first-year return on $69,807 initial cash invested.
-13.94%
Cash On Cash
3.01%
Cap Rate
0.45
DSCR
$1,402
Rent
-$811
Cashflow
Cash Flow
$1,402 income − $2,213 expenses = $811 out of pocket
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,807
Downpayment
20%
$49,340
Closing costs
1%
$2,467
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,402
Total Expenses
$2,213
Mortgage P&I
98%
$1,373
Property Taxes
6%
$80
Home Insurance
6%
$88
HOA
0%
$0
Property Management
15%
$210
CapEx
4%
$56
Vacancy
0%
$0
Maintenance
4%
$56
Other
25%
$350