This property looks like a bad Airbnb investment with a projected -3.32% first-year return on $70,395 initial cash invested.
-3.32%
Cash On Cash
6.05%
Cap Rate
0.95
DSCR
$3,116
Rent
-$195
Cashflow
Cash Flow
$3,116 income − $3,311 expenses = $195 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,395
Downpayment
20%
$49,900
Closing costs
1%
$2,495
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,116
Total Expenses
$3,311
Mortgage P&I
43%
$1,328
Property Taxes
13%
$400
Home Insurance
3%
$87
HOA
0%
$0
Property Management
15%
$467
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$779