This property looks like a bad Airbnb investment with a projected -3.34% first-year return on $64,389 initial cash invested.
-3.34%
Cash On Cash
6.13%
Cap Rate
0.92
DSCR
$2,187
Rent
-$179
Cashflow
Cash Flow
$2,187 income − $2,366 expenses = $179 out of pocket
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,389
Downpayment
20%
$44,180
Closing costs
1%
$2,209
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,187
Total Expenses
$2,366
Mortgage P&I
56%
$1,221
Property Taxes
2%
$36
Home Insurance
3%
$60
HOA
0%
$0
Property Management
15%
$328
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$547