This property looks like a bad Airbnb investment with a projected -18.44% first-year return on $70,857 initial cash invested.
-18.44%
Cash On Cash
1.45%
Cap Rate
0.23
DSCR
$1,250
Rent
-$1,089
Cashflow
Cash Flow
$1,250 income − $2,339 expenses = $1,089 out of pocket
Investment Breakdown
|
Purchase Price
$252k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,857
Downpayment
20%
$50,340
Closing costs
1%
$2,517
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,250
Total Expenses
$2,339
Mortgage P&I
108%
$1,344
Property Taxes
24%
$297
Home Insurance
8%
$98
HOA
0%
$0
Property Management
15%
$188
CapEx
4%
$50
Vacancy
0%
$0
Maintenance
4%
$50
Other
25%
$312