This property looks like a bad Airbnb investment with a projected -2.5% first-year return on $68,190 initial cash invested.
-2.5%
Cash On Cash
6.65%
Cap Rate
0.99
DSCR
$3,211
Rent
-$142
Cashflow
Cash Flow
$3,211 income − $3,353 expenses = $142 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,190
Downpayment
20%
$47,800
Closing costs
1%
$2,390
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,211
Total Expenses
$3,353
Mortgage P&I
42%
$1,338
Property Taxes
12%
$390
Home Insurance
3%
$84
HOA
0%
$0
Property Management
15%
$482
CapEx
4%
$128
Vacancy
0%
$0
Maintenance
4%
$128
Other
25%
$803