This property looks like a bad Airbnb investment with a projected -5.71% first-year return on $59,250 initial cash invested.
-5.71%
Cash On Cash
5.56%
Cap Rate
0.84
DSCR
$2,118
Rent
-$282
Cashflow
Cash Flow
$2,118 income − $2,400 expenses = $282 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,250
Downpayment
20%
$45,000
Closing costs
1%
$2,250
Rehab
0%
$0
Furnishing
5%
$12,000
Cashflow
Total Income
$2,118
Total Expenses
$2,400
Mortgage P&I
59%
$1,239
Property Taxes
3%
$64
Home Insurance
4%
$79
HOA
0%
$0
Property Management
15%
$318
CapEx
4%
$85
Vacancy
0%
$0
Maintenance
4%
$85
Other
25%
$530