This property looks like a bad Airbnb investment with a projected -2.41% first-year return on $66,279 initial cash invested.
-2.41%
Cash On Cash
6.51%
Cap Rate
0.98
DSCR
$2,569
Rent
-$133
Cashflow
Cash Flow
$2,569 income − $2,702 expenses = $133 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,279
Downpayment
20%
$45,980
Closing costs
1%
$2,299
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,569
Total Expenses
$2,702
Mortgage P&I
50%
$1,278
Property Taxes
4%
$111
Home Insurance
3%
$80
HOA
0%
$0
Property Management
15%
$385
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$642