This property looks like a bad Airbnb investment with a projected -17.65% first-year return on $59,979 initial cash invested.
-17.65%
Cash On Cash
1.73%
Cap Rate
0.26
DSCR
$1,386
Rent
-$882
Cashflow
Cash Flow
$1,386 income − $2,268 expenses = $882 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,979
Downpayment
20%
$39,980
Closing costs
1%
$1,999
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,386
Total Expenses
$2,268
Mortgage P&I
81%
$1,116
Property Taxes
30%
$418
Home Insurance
5%
$70
HOA
0%
$0
Property Management
15%
$208
CapEx
4%
$55
Vacancy
0%
$0
Maintenance
4%
$55
Other
25%
$346