This property looks like a bad Airbnb investment with a projected -5.65% first-year return on $69,429 initial cash invested.
-5.65%
Cash On Cash
5.27%
Cap Rate
0.83
DSCR
$2,544
Rent
-$327
Cashflow
Cash Flow
$2,544 income − $2,871 expenses = $327 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,429
Downpayment
20%
$48,980
Closing costs
1%
$2,449
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,544
Total Expenses
$2,871
Mortgage P&I
51%
$1,300
Property Taxes
10%
$263
Home Insurance
3%
$86
HOA
0%
$0
Property Management
15%
$382
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$636