This property looks like a bad Airbnb investment with a projected -7.96% first-year return on $70,248 initial cash invested.
-7.96%
Cash On Cash
4.4%
Cap Rate
0.71
DSCR
$2,442
Rent
-$466
Cashflow
Cash Flow
$2,442 income − $2,908 expenses = $466 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,248
Downpayment
20%
$49,760
Closing costs
1%
$2,488
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,442
Total Expenses
$2,908
Mortgage P&I
52%
$1,281
Property Taxes
15%
$366
Home Insurance
4%
$89
HOA
0%
$0
Property Management
15%
$366
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$610