This property looks like a bad Airbnb investment with a projected -27.65% first-year return on $59,370 initial cash invested.
-27.65%
Cash On Cash
-1.47%
Cap Rate
-0.22
DSCR
$813
Rent
-$1,368
Cashflow
Cash Flow
$813 income − $2,181 expenses = $1,368 out of pocket
Investment Breakdown
|
Purchase Price
$197k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,370
Downpayment
20%
$39,400
Closing costs
1%
$1,970
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$813
Total Expenses
$2,181
Mortgage P&I
135%
$1,094
Property Taxes
77%
$626
Home Insurance
9%
$70
HOA
0%
$0
Property Management
15%
$122
CapEx
4%
$33
Vacancy
0%
$0
Maintenance
4%
$33
Other
25%
$203