This property looks like a bad Airbnb investment with a projected -14.4% first-year return on $60,000 initial cash invested.
-14.4%
Cash On Cash
2.83%
Cap Rate
0.42
DSCR
$1,777
Rent
-$720
Cashflow
Cash Flow
$1,777 income − $2,497 expenses = $720 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,000
Downpayment
20%
$40,000
Closing costs
1%
$2,000
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,777
Total Expenses
$2,497
Mortgage P&I
63%
$1,120
Property Taxes
26%
$454
Home Insurance
4%
$70
HOA
0%
$0
Property Management
15%
$267
CapEx
4%
$71
Vacancy
0%
$0
Maintenance
4%
$71
Other
25%
$444