This property looks like a bad Airbnb investment with a projected -13.45% first-year return on $64,935 initial cash invested.
-13.45%
Cash On Cash
3.04%
Cap Rate
0.46
DSCR
$1,308
Rent
-$728
Cashflow
Cash Flow
$1,308 income − $2,036 expenses = $728 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,935
Downpayment
20%
$44,700
Closing costs
1%
$2,235
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,308
Total Expenses
$2,036
Mortgage P&I
95%
$1,243
Property Taxes
7%
$86
Home Insurance
6%
$80
HOA
0%
$0
Property Management
15%
$196
CapEx
4%
$52
Vacancy
0%
$0
Maintenance
4%
$52
Other
25%
$327