This property looks like a bad Airbnb investment with a projected -9.76% first-year return on $60,378 initial cash invested.
-9.76%
Cash On Cash
4.28%
Cap Rate
0.64
DSCR
$2,032
Rent
-$491
Cashflow
Cash Flow
$2,032 income − $2,523 expenses = $491 out of pocket
Investment Breakdown
|
Purchase Price
$202k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,378
Downpayment
20%
$40,360
Closing costs
1%
$2,018
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,032
Total Expenses
$2,523
Mortgage P&I
56%
$1,129
Property Taxes
17%
$346
Home Insurance
4%
$73
HOA
0%
$0
Property Management
15%
$305
CapEx
4%
$81
Vacancy
0%
$0
Maintenance
4%
$81
Other
25%
$508