This property looks like a bad Airbnb investment with a projected -14.96% first-year return on $69,240 initial cash invested.
-14.96%
Cash On Cash
2.69%
Cap Rate
0.41
DSCR
$1,560
Rent
-$863
Cashflow
Cash Flow
$1,560 income − $2,423 expenses = $863 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,240
Downpayment
20%
$48,800
Closing costs
1%
$2,440
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,560
Total Expenses
$2,423
Mortgage P&I
86%
$1,348
Property Taxes
16%
$242
Home Insurance
5%
$85
HOA
0%
$0
Property Management
15%
$234
CapEx
4%
$62
Vacancy
0%
$0
Maintenance
4%
$62
Other
25%
$390