This property looks like a bad Airbnb investment with a projected -12.82% first-year return on $65,229 initial cash invested.
-12.82%
Cash On Cash
3.37%
Cap Rate
0.5
DSCR
$1,469
Rent
-$697
Cashflow
Cash Flow
$1,469 income − $2,166 expenses = $697 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,229
Downpayment
20%
$44,980
Closing costs
1%
$2,249
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,469
Total Expenses
$2,166
Mortgage P&I
86%
$1,270
Property Taxes
8%
$121
Home Insurance
5%
$70
HOA
0%
$0
Property Management
15%
$220
CapEx
4%
$59
Vacancy
0%
$0
Maintenance
4%
$59
Other
25%
$367