This property looks like a bad Airbnb investment with a projected -14.75% first-year return on $64,830 initial cash invested.
-14.75%
Cash On Cash
2.67%
Cap Rate
0.41
DSCR
$1,714
Rent
-$797
Cashflow
Cash Flow
$1,714 income − $2,511 expenses = $797 out of pocket
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,830
Downpayment
20%
$44,600
Closing costs
1%
$2,230
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,714
Total Expenses
$2,511
Mortgage P&I
71%
$1,225
Property Taxes
22%
$384
Home Insurance
5%
$79
HOA
0%
$0
Property Management
15%
$257
CapEx
4%
$69
Vacancy
0%
$0
Maintenance
4%
$69
Other
25%
$428