This property looks like a bad Airbnb investment with a projected -2.76% first-year return on $66,090 initial cash invested.
-2.76%
Cash On Cash
6.04%
Cap Rate
0.96
DSCR
$2,558
Rent
-$152
Cashflow
Cash Flow
$2,558 income − $2,710 expenses = $152 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,090
Downpayment
20%
$45,800
Closing costs
1%
$2,290
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,558
Total Expenses
$2,710
Mortgage P&I
47%
$1,203
Property Taxes
8%
$199
Home Insurance
3%
$80
HOA
0%
$0
Property Management
15%
$384
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$640