This property looks like a bad Airbnb investment with a projected -5.42% first-year return on $60,861 initial cash invested.
-5.42%
Cash On Cash
5.44%
Cap Rate
0.83
DSCR
$2,042
Rent
-$275
Cashflow
Cash Flow
$2,042 income − $2,317 expenses = $275 out of pocket
Investment Breakdown
|
Purchase Price
$204k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,861
Downpayment
20%
$40,820
Closing costs
1%
$2,041
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,042
Total Expenses
$2,317
Mortgage P&I
55%
$1,118
Property Taxes
7%
$145
Home Insurance
4%
$74
HOA
0%
$0
Property Management
15%
$306
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$510