This property looks like a bad Airbnb investment with a projected -12.34% first-year return on $65,439 initial cash invested.
-12.34%
Cash On Cash
3.35%
Cap Rate
0.51
DSCR
$1,496
Rent
-$673
Cashflow
Cash Flow
$1,496 income − $2,169 expenses = $673 out of pocket
Investment Breakdown
|
Purchase Price
$226k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,439
Downpayment
20%
$45,180
Closing costs
1%
$2,259
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,496
Total Expenses
$2,169
Mortgage P&I
83%
$1,244
Property Taxes
9%
$128
Home Insurance
5%
$79
HOA
0%
$0
Property Management
15%
$224
CapEx
4%
$60
Vacancy
0%
$0
Maintenance
4%
$60
Other
25%
$374