This property looks like a bad Airbnb investment with a projected -0.21% first-year return on $69,450 initial cash invested.
-0.21%
Cash On Cash
7.37%
Cap Rate
1.09
DSCR
$3,323
Rent
-$12
Cashflow
Cash Flow
$3,323 income − $3,335 expenses = $12 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,323
Total Expenses
$3,335
Mortgage P&I
42%
$1,384
Property Taxes
8%
$270
Home Insurance
3%
$86
HOA
0%
$0
Property Management
15%
$498
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$831