This property looks like a bad Airbnb investment with a projected -8.81% first-year return on $58,845 initial cash invested.
-8.81%
Cash On Cash
4.61%
Cap Rate
0.69
DSCR
$2,321
Rent
-$432
Cashflow
Cash Flow
$2,321 income − $2,753 expenses = $432 out of pocket
Investment Breakdown
|
Purchase Price
$195k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,845
Downpayment
20%
$38,900
Closing costs
1%
$1,945
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,321
Total Expenses
$2,753
Mortgage P&I
47%
$1,086
Property Taxes
21%
$483
Home Insurance
3%
$70
HOA
0%
$0
Property Management
15%
$348
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$580