This property looks like a bad Airbnb investment with a projected -1.84% first-year return on $65,292 initial cash invested.
-1.84%
Cash On Cash
6.48%
Cap Rate
1
DSCR
$2,459
Rent
-$100
Cashflow
Cash Flow
$2,459 income − $2,559 expenses = $100 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,292
Downpayment
20%
$45,040
Closing costs
1%
$2,252
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,459
Total Expenses
$2,559
Mortgage P&I
50%
$1,219
Property Taxes
2%
$57
Home Insurance
3%
$75
HOA
1%
$28
Property Management
15%
$369
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$615