This property looks like a bad Airbnb investment with a projected -11.49% first-year return on $64,977 initial cash invested.
-11.49%
Cash On Cash
3.68%
Cap Rate
0.55
DSCR
$1,618
Rent
-$622
Cashflow
Cash Flow
$1,618 income − $2,240 expenses = $622 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,977
Downpayment
20%
$44,740
Closing costs
1%
$2,237
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,618
Total Expenses
$2,240
Mortgage P&I
77%
$1,243
Property Taxes
9%
$141
Home Insurance
5%
$79
HOA
0%
$0
Property Management
15%
$243
CapEx
4%
$65
Vacancy
0%
$0
Maintenance
4%
$65
Other
25%
$404