This property looks like a bad Airbnb investment with a projected -8.22% first-year return on $58,719 initial cash invested.
-8.22%
Cash On Cash
4.42%
Cap Rate
0.68
DSCR
$1,680
Rent
-$402
Cashflow
Cash Flow
$1,680 income − $2,082 expenses = $402 out of pocket
Investment Breakdown
|
Purchase Price
$194k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,719
Downpayment
20%
$38,780
Closing costs
1%
$1,939
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,680
Total Expenses
$2,082
Mortgage P&I
63%
$1,050
Property Taxes
9%
$156
Home Insurance
4%
$70
HOA
0%
$0
Property Management
15%
$252
CapEx
4%
$67
Vacancy
0%
$0
Maintenance
4%
$67
Other
25%
$420