This property looks like a bad Airbnb investment with a projected -2.35% first-year return on $62,793 initial cash invested.
-2.35%
Cash On Cash
6.32%
Cap Rate
0.98
DSCR
$2,434
Rent
-$123
Cashflow
Cash Flow
$2,434 income − $2,557 expenses = $123 out of pocket
Investment Breakdown
|
Purchase Price
$213k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,793
Downpayment
20%
$42,660
Closing costs
1%
$2,133
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,434
Total Expenses
$2,557
Mortgage P&I
47%
$1,150
Property Taxes
6%
$152
Home Insurance
4%
$88
HOA
0%
$0
Property Management
15%
$365
CapEx
4%
$97
Vacancy
0%
$0
Maintenance
4%
$97
Other
25%
$608