This property looks like a bad Airbnb investment with a projected -11.25% first-year return on $63,150 initial cash invested.
-11.25%
Cash On Cash
3.5%
Cap Rate
0.54
DSCR
$1,708
Rent
-$592
Cashflow
Cash Flow
$1,708 income − $2,300 expenses = $592 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,708
Total Expenses
$2,300
Mortgage P&I
67%
$1,151
Property Taxes
15%
$255
Home Insurance
4%
$75
HOA
0%
$0
Property Management
15%
$256
CapEx
4%
$68
Vacancy
0%
$0
Maintenance
4%
$68
Other
25%
$427