This property looks like a bad Airbnb investment with a projected -3.1% first-year return on $63,486 initial cash invested.
-3.1%
Cash On Cash
6.38%
Cap Rate
0.96
DSCR
$2,839
Rent
-$164
Cashflow
Cash Flow
$2,839 income − $3,003 expenses = $164 out of pocket
Investment Breakdown
|
Purchase Price
$217k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,486
Downpayment
20%
$43,320
Closing costs
1%
$2,166
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,839
Total Expenses
$3,003
Mortgage P&I
42%
$1,202
Property Taxes
12%
$346
Home Insurance
3%
$91
HOA
0%
$0
Property Management
15%
$426
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$710