This property looks like a bad Airbnb investment with a projected -14.73% first-year return on $59,979 initial cash invested.
-14.73%
Cash On Cash
2.31%
Cap Rate
0.36
DSCR
$1,464
Rent
-$736
Cashflow
Cash Flow
$1,464 income − $2,200 expenses = $736 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,464
Total Expenses
$2,200
Mortgage P&I
72%
$1,061
Property Taxes
25%
$365
Home Insurance
5%
$70
HOA
0%
$0
Property Management
15%
$220
CapEx
4%
$59
Vacancy
0%
$0
Maintenance
4%
$59
Other
25%
$366