This property looks like a bad Airbnb investment with a projected -13.77% first-year return on $64,662 initial cash invested.
-13.77%
Cash On Cash
3.05%
Cap Rate
0.45
DSCR
$1,584
Rent
-$742
Cashflow
Cash Flow
$1,584 income − $2,326 expenses = $742 out of pocket
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,662
Downpayment
20%
$44,440
Closing costs
1%
$2,222
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,584
Total Expenses
$2,326
Mortgage P&I
78%
$1,243
Property Taxes
15%
$244
Home Insurance
5%
$79
HOA
0%
$0
Property Management
15%
$238
CapEx
4%
$63
Vacancy
0%
$0
Maintenance
4%
$63
Other
25%
$396