This property looks like a bad Airbnb investment with a projected -7.67% first-year return on $65,250 initial cash invested.
-7.67%
Cash On Cash
4.97%
Cap Rate
0.74
DSCR
$2,258
Rent
-$417
Cashflow
Cash Flow
$2,258 income − $2,675 expenses = $417 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,250
Downpayment
20%
$45,000
Closing costs
1%
$2,250
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,258
Total Expenses
$2,675
Mortgage P&I
56%
$1,259
Property Taxes
11%
$254
Home Insurance
4%
$79
HOA
0%
$0
Property Management
15%
$339
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$564