This property looks like a bad Airbnb investment with a projected -12.87% first-year return on $61,533 initial cash invested.
-12.87%
Cash On Cash
3.14%
Cap Rate
0.47
DSCR
$1,232
Rent
-$660
Cashflow
Cash Flow
$1,232 income − $1,892 expenses = $660 out of pocket
Investment Breakdown
|
Purchase Price
$207k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,533
Downpayment
20%
$41,460
Closing costs
1%
$2,073
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,232
Total Expenses
$1,892
Mortgage P&I
94%
$1,154
Property Taxes
7%
$84
Home Insurance
5%
$63
HOA
0%
$0
Property Management
15%
$185
CapEx
4%
$49
Vacancy
0%
$0
Maintenance
4%
$49
Other
25%
$308