This property looks like a bad Airbnb investment with a projected -15.03% first-year return on $64,515 initial cash invested.
-15.03%
Cash On Cash
1.99%
Cap Rate
0.33
DSCR
$1,254
Rent
-$808
Cashflow
Cash Flow
$1,254 income − $2,062 expenses = $808 out of pocket
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,515
Downpayment
20%
$44,300
Closing costs
1%
$2,215
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,254
Total Expenses
$2,062
Mortgage P&I
90%
$1,125
Property Taxes
20%
$256
Home Insurance
6%
$79
HOA
0%
$0
Property Management
15%
$188
CapEx
4%
$50
Vacancy
0%
$0
Maintenance
4%
$50
Other
25%
$314