This property looks like a bad Airbnb investment with a projected -8.01% first-year return on $66,090 initial cash invested.
-8.01%
Cash On Cash
4.95%
Cap Rate
0.73
DSCR
$2,131
Rent
-$441
Cashflow
Cash Flow
$2,131 income − $2,572 expenses = $441 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,090
Downpayment
20%
$45,800
Closing costs
1%
$2,290
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,131
Total Expenses
$2,572
Mortgage P&I
61%
$1,301
Property Taxes
8%
$168
Home Insurance
4%
$80
HOA
0%
$0
Property Management
15%
$320
CapEx
4%
$85
Vacancy
0%
$0
Maintenance
4%
$85
Other
25%
$533