This property looks like a bad Airbnb investment with a projected -11.85% first-year return on $62,457 initial cash invested.
-11.85%
Cash On Cash
3.02%
Cap Rate
0.49
DSCR
$1,295
Rent
-$617
Cashflow
Cash Flow
$1,295 income − $1,912 expenses = $617 out of pocket
Investment Breakdown
|
Purchase Price
$212k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,457
Downpayment
20%
$42,340
Closing costs
1%
$2,117
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,295
Total Expenses
$1,912
Mortgage P&I
85%
$1,098
Property Taxes
9%
$116
Home Insurance
6%
$76
HOA
0%
$0
Property Management
15%
$194
CapEx
4%
$52
Vacancy
0%
$0
Maintenance
4%
$52
Other
25%
$324