This property looks like a bad Airbnb investment with a projected -7% first-year return on $58,257 initial cash invested.
-7%
Cash On Cash
4.81%
Cap Rate
0.76
DSCR
$2,450
Rent
-$340
Cashflow
Cash Flow
$2,450 income − $2,790 expenses = $340 out of pocket
Investment Breakdown
|
Purchase Price
$192k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,257
Downpayment
20%
$38,340
Closing costs
1%
$1,917
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,450
Total Expenses
$2,790
Mortgage P&I
41%
$1,010
Property Taxes
1%
$26
Home Insurance
24%
$578
HOA
0%
$0
Property Management
15%
$368
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$612