This property looks like a bad Airbnb investment with a projected -3.62% first-year return on $68,526 initial cash invested.
-3.62%
Cash On Cash
5.75%
Cap Rate
0.93
DSCR
$2,874
Rent
-$207
Cashflow
Cash Flow
$2,874 income − $3,081 expenses = $207 out of pocket
Investment Breakdown
|
Purchase Price
$241k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,526
Downpayment
20%
$48,120
Closing costs
1%
$2,406
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,874
Total Expenses
$3,081
Mortgage P&I
43%
$1,244
Property Taxes
13%
$364
Home Insurance
3%
$94
HOA
0%
$0
Property Management
15%
$431
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$718