This property looks like a bad Airbnb investment with a projected -9.98% first-year return on $70,689 initial cash invested.
-9.98%
Cash On Cash
4.06%
Cap Rate
0.64
DSCR
$2,527
Rent
-$588
Cashflow
Cash Flow
$2,527 income − $3,115 expenses = $588 out of pocket
Investment Breakdown
|
Purchase Price
$251k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,689
Downpayment
20%
$50,180
Closing costs
1%
$2,509
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,527
Total Expenses
$3,115
Mortgage P&I
53%
$1,335
Property Taxes
19%
$474
Home Insurance
4%
$93
HOA
0%
$0
Property Management
15%
$379
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$632