This property looks like a bad Airbnb investment with a projected -2.02% first-year return on $67,707 initial cash invested.
-2.02%
Cash On Cash
6.39%
Cap Rate
1
DSCR
$2,689
Rent
-$114
Cashflow
Cash Flow
$2,689 income − $2,803 expenses = $114 out of pocket
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,707
Downpayment
20%
$47,340
Closing costs
1%
$2,367
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,689
Total Expenses
$2,803
Mortgage P&I
47%
$1,266
Property Taxes
6%
$162
Home Insurance
3%
$84
HOA
0%
$0
Property Management
15%
$403
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$672