This property looks like a bad Airbnb investment with a projected -1.74% first-year return on $70,479 initial cash invested.
-1.74%
Cash On Cash
6.49%
Cap Rate
1.03
DSCR
$3,406
Rent
-$102
Cashflow
Cash Flow
$3,406 income − $3,508 expenses = $102 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,479
Downpayment
20%
$49,980
Closing costs
1%
$2,499
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,406
Total Expenses
$3,508
Mortgage P&I
39%
$1,318
Property Taxes
14%
$467
Home Insurance
3%
$88
HOA
0%
$0
Property Management
15%
$511
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$852