This property looks like a bad Airbnb investment with a projected -5.91% first-year return on $68,379 initial cash invested.
-5.91%
Cash On Cash
5.41%
Cap Rate
0.82
DSCR
$2,366
Rent
-$337
Cashflow
Cash Flow
$2,366 income − $2,703 expenses = $337 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,379
Downpayment
20%
$47,980
Closing costs
1%
$2,399
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,366
Total Expenses
$2,703
Mortgage P&I
56%
$1,323
Property Taxes
6%
$150
Home Insurance
4%
$93
HOA
0%
$0
Property Management
15%
$355
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$592