This property looks like a bad Airbnb investment with a projected -11.35% first-year return on $60,903 initial cash invested.
-11.35%
Cash On Cash
3.63%
Cap Rate
0.54
DSCR
$1,340
Rent
-$576
Cashflow
Cash Flow
$1,340 income − $1,916 expenses = $576 out of pocket
Investment Breakdown
|
Purchase Price
$204k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,903
Downpayment
20%
$40,860
Closing costs
1%
$2,043
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,340
Total Expenses
$1,916
Mortgage P&I
85%
$1,140
Property Taxes
4%
$58
Home Insurance
6%
$74
HOA
0%
$0
Property Management
15%
$201
CapEx
4%
$54
Vacancy
0%
$0
Maintenance
4%
$54
Other
25%
$335