This property looks like a bad Airbnb investment with a projected -0.22% first-year return on $59,979 initial cash invested.
-0.22%
Cash On Cash
7.29%
Cap Rate
1.1
DSCR
$2,955
Rent
-$11
Cashflow
Cash Flow
$2,955 income − $2,966 expenses = $11 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,979
Downpayment
20%
$39,980
Closing costs
1%
$1,999
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,955
Total Expenses
$2,966
Mortgage P&I
37%
$1,107
Property Taxes
13%
$371
Home Insurance
2%
$70
HOA
0%
$0
Property Management
15%
$443
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$739