This property looks like a bad Airbnb investment with a projected -12.66% first-year return on $70,164 initial cash invested.
-12.66%
Cash On Cash
3.5%
Cap Rate
0.53
DSCR
$2,200
Rent
-$740
Cashflow
Cash Flow
$2,200 income − $2,940 expenses = $740 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,164
Downpayment
20%
$49,680
Closing costs
1%
$2,484
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,200
Total Expenses
$2,940
Mortgage P&I
63%
$1,377
Property Taxes
19%
$425
Home Insurance
4%
$82
HOA
0%
$0
Property Management
15%
$330
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$550