This property looks like a bad Airbnb investment with a projected -8.75% first-year return on $66,909 initial cash invested.
-8.75%
Cash On Cash
4.63%
Cap Rate
0.69
DSCR
$2,039
Rent
-$488
Cashflow
Cash Flow
$2,039 income − $2,527 expenses = $488 out of pocket
Investment Breakdown
|
Purchase Price
$233k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,909
Downpayment
20%
$46,580
Closing costs
1%
$2,329
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,039
Total Expenses
$2,527
Mortgage P&I
64%
$1,304
Property Taxes
8%
$161
Home Insurance
4%
$82
HOA
0%
$0
Property Management
15%
$306
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$510