This property looks like a bad Airbnb investment with a projected -14.32% first-year return on $67,308 initial cash invested.
-14.32%
Cash On Cash
3.03%
Cap Rate
0.45
DSCR
$1,914
Rent
-$803
Cashflow
Cash Flow
$1,914 income − $2,717 expenses = $803 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,308
Downpayment
20%
$46,960
Closing costs
1%
$2,348
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,914
Total Expenses
$2,717
Mortgage P&I
69%
$1,318
Property Taxes
21%
$405
Home Insurance
4%
$75
HOA
0%
$0
Property Management
15%
$287
CapEx
4%
$77
Vacancy
0%
$0
Maintenance
4%
$77
Other
25%
$478