This property looks like a bad Airbnb investment with a projected -13.61% first-year return on $67,350 initial cash invested.
-13.61%
Cash On Cash
3.06%
Cap Rate
0.46
DSCR
$1,559
Rent
-$764
Cashflow
Cash Flow
$1,559 income − $2,323 expenses = $764 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,350
Downpayment
20%
$47,000
Closing costs
1%
$2,350
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,559
Total Expenses
$2,323
Mortgage P&I
84%
$1,302
Property Taxes
12%
$191
Home Insurance
5%
$82
HOA
0%
$0
Property Management
15%
$234
CapEx
4%
$62
Vacancy
0%
$0
Maintenance
4%
$62
Other
25%
$390