This property looks like a bad Airbnb investment with a projected -10.98% first-year return on $69,492 initial cash invested.
-10.98%
Cash On Cash
4%
Cap Rate
0.59
DSCR
$1,939
Rent
-$636
Cashflow
Cash Flow
$1,939 income − $2,575 expenses = $636 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,492
Downpayment
20%
$49,040
Closing costs
1%
$2,452
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,939
Total Expenses
$2,575
Mortgage P&I
71%
$1,375
Property Taxes
9%
$180
Home Insurance
5%
$88
HOA
0%
$0
Property Management
15%
$291
CapEx
4%
$78
Vacancy
0%
$0
Maintenance
4%
$78
Other
25%
$485