This property looks like a bad Airbnb investment with a projected -21.16% first-year return on $68,379 initial cash invested.
-21.16%
Cash On Cash
0.76%
Cap Rate
0.11
DSCR
$586
Rent
-$1,206
Cashflow
Cash Flow
$586 income − $1,792 expenses = $1,206 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,379
Downpayment
20%
$47,980
Closing costs
1%
$2,399
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$586
Total Expenses
$1,792
Mortgage P&I
228%
$1,334
Property Taxes
16%
$94
Home Insurance
14%
$84
HOA
0%
$0
Property Management
15%
$88
CapEx
4%
$23
Vacancy
0%
$0
Maintenance
4%
$23
Other
25%
$146