This property looks like a bad Airbnb investment with a projected -5.93% first-year return on $67,434 initial cash invested.
-5.93%
Cash On Cash
5.33%
Cap Rate
0.83
DSCR
$2,807
Rent
-$333
Cashflow
Cash Flow
$2,807 income − $3,140 expenses = $333 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,434
Downpayment
20%
$47,080
Closing costs
1%
$2,354
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,807
Total Expenses
$3,140
Mortgage P&I
45%
$1,266
Property Taxes
16%
$441
Home Insurance
3%
$86
HOA
0%
$0
Property Management
15%
$421
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$702