This property looks like a bad Airbnb investment with a projected -7.62% first-year return on $60,000 initial cash invested.
-7.62%
Cash On Cash
4.93%
Cap Rate
0.74
DSCR
$2,203
Rent
-$381
Cashflow
Cash Flow
$2,203 income − $2,584 expenses = $381 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,000
Downpayment
20%
$40,000
Closing costs
1%
$2,000
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,203
Total Expenses
$2,584
Mortgage P&I
51%
$1,115
Property Taxes
14%
$304
Home Insurance
3%
$70
HOA
2%
$38
Property Management
15%
$330
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$551