This property looks like a bad Airbnb investment with a projected -19.49% first-year return on $69,450 initial cash invested.
-19.49%
Cash On Cash
0.83%
Cap Rate
0.13
DSCR
$690
Rent
-$1,128
Cashflow
Cash Flow
$690 income − $1,818 expenses = $1,128 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$690
Total Expenses
$1,818
Mortgage P&I
184%
$1,269
Property Taxes
19%
$131
Home Insurance
12%
$86
HOA
0%
$0
Property Management
15%
$104
CapEx
4%
$28
Vacancy
0%
$0
Maintenance
4%
$28
Other
25%
$172