This property looks like a bad Airbnb investment with a projected -3.27% first-year return on $69,282 initial cash invested.
-3.27%
Cash On Cash
5.99%
Cap Rate
0.93
DSCR
$2,448
Rent
-$189
Cashflow
Cash Flow
$2,448 income − $2,637 expenses = $189 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,282
Downpayment
20%
$48,840
Closing costs
1%
$2,442
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,448
Total Expenses
$2,637
Mortgage P&I
54%
$1,310
Property Taxes
3%
$64
Home Insurance
4%
$88
HOA
0%
$0
Property Management
15%
$367
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$612