This property looks like a bad Airbnb investment with a projected -9.21% first-year return on $63,738 initial cash invested.
-9.21%
Cash On Cash
4.15%
Cap Rate
0.64
DSCR
$1,567
Rent
-$489
Cashflow
Cash Flow
$1,567 income − $2,056 expenses = $489 out of pocket
Investment Breakdown
|
Purchase Price
$218k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,738
Downpayment
20%
$43,560
Closing costs
1%
$2,178
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,567
Total Expenses
$2,056
Mortgage P&I
75%
$1,179
Property Taxes
4%
$58
Home Insurance
4%
$66
HOA
0%
$0
Property Management
15%
$235
CapEx
4%
$63
Vacancy
0%
$0
Maintenance
4%
$63
Other
25%
$392