This property looks like a bad Airbnb investment with a projected -5.45% first-year return on $70,500 initial cash invested.
-5.45%
Cash On Cash
5.65%
Cap Rate
0.85
DSCR
$2,763
Rent
-$320
Cashflow
Cash Flow
$2,763 income − $3,083 expenses = $320 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,500
Downpayment
20%
$50,000
Closing costs
1%
$2,500
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,763
Total Expenses
$3,083
Mortgage P&I
50%
$1,387
Property Taxes
10%
$281
Home Insurance
3%
$88
HOA
0%
$0
Property Management
15%
$414
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$691