This property looks like a bad Airbnb investment with a projected -11% first-year return on $66,300 initial cash invested.
-11%
Cash On Cash
3.87%
Cap Rate
0.58
DSCR
$1,908
Rent
-$608
Cashflow
Cash Flow
$1,908 income − $2,516 expenses = $608 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,300
Downpayment
20%
$46,000
Closing costs
1%
$2,300
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,908
Total Expenses
$2,516
Mortgage P&I
67%
$1,273
Property Taxes
13%
$248
Home Insurance
4%
$80
HOA
0%
$0
Property Management
15%
$286
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$477