This property looks like a bad Airbnb investment with a projected -2.17% first-year return on $63,150 initial cash invested.
-2.17%
Cash On Cash
6.32%
Cap Rate
0.99
DSCR
$2,450
Rent
-$114
Cashflow
Cash Flow
$2,450 income − $2,564 expenses = $114 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,450
Total Expenses
$2,564
Mortgage P&I
47%
$1,149
Property Taxes
7%
$164
Home Insurance
3%
$75
HOA
0%
$0
Property Management
15%
$368
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$612