This property looks like a bad Airbnb investment with a projected -19.59% first-year return on $69,156 initial cash invested.
-19.59%
Cash On Cash
1.43%
Cap Rate
0.21
DSCR
$1,082
Rent
-$1,129
Cashflow
Cash Flow
$1,082 income − $2,211 expenses = $1,129 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,156
Downpayment
20%
$48,720
Closing costs
1%
$2,436
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,082
Total Expenses
$2,211
Mortgage P&I
127%
$1,377
Property Taxes
21%
$228
Home Insurance
8%
$88
HOA
0%
$0
Property Management
15%
$162
CapEx
4%
$43
Vacancy
0%
$0
Maintenance
4%
$43
Other
25%
$270