This property looks like a bad Airbnb investment with a projected -7.01% first-year return on $63,150 initial cash invested.
-7.01%
Cash On Cash
4.81%
Cap Rate
0.75
DSCR
$1,992
Rent
-$369
Cashflow
Cash Flow
$1,992 income − $2,361 expenses = $369 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
$1,992
Total Expenses
$2,361
Mortgage P&I
58%
$1,151
Property Taxes
9%
$178
Home Insurance
4%
$75
HOA
0%
$0
Property Management
15%
$299
CapEx
4%
$80
Vacancy
0%
$0
Maintenance
4%
$80
Other
25%
$498