This property looks like a bad Airbnb investment with a projected -7.98% first-year return on $58,341 initial cash invested.
-7.98%
Cash On Cash
4.83%
Cap Rate
0.71
DSCR
$1,820
Rent
-$388
Cashflow
Cash Flow
$1,820 income − $2,208 expenses = $388 out of pocket
Investment Breakdown
|
Purchase Price
$192k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,341
Downpayment
20%
$38,420
Closing costs
1%
$1,921
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,820
Total Expenses
$2,208
Mortgage P&I
60%
$1,088
Property Taxes
10%
$178
Home Insurance
4%
$68
HOA
0%
$0
Property Management
15%
$273
CapEx
4%
$73
Vacancy
0%
$0
Maintenance
4%
$73
Other
25%
$455