This property looks like a bad Airbnb investment with a projected -15.07% first-year return on $66,006 initial cash invested.
-15.07%
Cash On Cash
2.35%
Cap Rate
0.36
DSCR
$1,099
Rent
-$829
Cashflow
Cash Flow
$1,099 income − $1,928 expenses = $829 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,006
Downpayment
20%
$45,720
Closing costs
1%
$2,286
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,099
Total Expenses
$1,928
Mortgage P&I
112%
$1,232
Property Taxes
8%
$86
Home Insurance
7%
$82
HOA
0%
$0
Property Management
15%
$165
CapEx
4%
$44
Vacancy
0%
$0
Maintenance
4%
$44
Other
25%
$275