This property looks like a bad Airbnb investment with a projected -14.54% first-year return on $70,059 initial cash invested.
-14.54%
Cash On Cash
2.32%
Cap Rate
0.38
DSCR
$1,569
Rent
-$849
Cashflow
Cash Flow
$1,569 income − $2,418 expenses = $849 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,059
Downpayment
20%
$49,580
Closing costs
1%
$2,479
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,569
Total Expenses
$2,418
Mortgage P&I
81%
$1,265
Property Taxes
18%
$285
Home Insurance
7%
$115
HOA
0%
$0
Property Management
15%
$235
CapEx
4%
$63
Vacancy
0%
$0
Maintenance
4%
$63
Other
25%
$392