This property looks like a bad Airbnb investment with a projected -5.4% first-year return on $65,796 initial cash invested.
-5.4%
Cash On Cash
5.73%
Cap Rate
0.84
DSCR
$2,410
Rent
-$296
Cashflow
Cash Flow
$2,410 income − $2,706 expenses = $296 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,796
Downpayment
20%
$45,520
Closing costs
1%
$2,276
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,410
Total Expenses
$2,706
Mortgage P&I
53%
$1,286
Property Taxes
8%
$182
Home Insurance
3%
$82
HOA
0%
$0
Property Management
15%
$362
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$602