This property looks like a bad Airbnb investment with a projected -6.84% first-year return on $65,250 initial cash invested.
-6.84%
Cash On Cash
5.08%
Cap Rate
0.79
DSCR
$2,791
Rent
-$372
Cashflow
Cash Flow
$2,791 income − $3,163 expenses = $372 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,250
Downpayment
20%
$45,000
Closing costs
1%
$2,250
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,791
Total Expenses
$3,163
Mortgage P&I
43%
$1,213
Property Taxes
19%
$530
Home Insurance
3%
$79
HOA
0%
$0
Property Management
15%
$419
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$698