This property looks like a bad Airbnb investment with a projected -4.2% first-year return on $63,780 initial cash invested.
-4.2%
Cash On Cash
6.01%
Cap Rate
0.9
DSCR
$2,478
Rent
-$223
Cashflow
Cash Flow
$2,478 income − $2,701 expenses = $223 out of pocket
Investment Breakdown
|
Purchase Price
$218k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,780
Downpayment
20%
$43,600
Closing costs
1%
$2,180
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,478
Total Expenses
$2,701
Mortgage P&I
49%
$1,216
Property Taxes
9%
$219
Home Insurance
3%
$76
HOA
0%
$0
Property Management
15%
$372
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$620