This property looks like a bad Airbnb investment with a projected -8.95% first-year return on $61,029 initial cash invested.
-8.95%
Cash On Cash
4.35%
Cap Rate
0.65
DSCR
$1,579
Rent
-$455
Cashflow
Cash Flow
$1,579 income − $2,034 expenses = $455 out of pocket
Investment Breakdown
|
Purchase Price
$205k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,029
Downpayment
20%
$40,980
Closing costs
1%
$2,049
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,579
Total Expenses
$2,034
Mortgage P&I
72%
$1,135
Property Taxes
4%
$69
Home Insurance
5%
$72
HOA
0%
$0
Property Management
15%
$237
CapEx
4%
$63
Vacancy
0%
$0
Maintenance
4%
$63
Other
25%
$395