This property looks like a bad Airbnb investment with a projected -9.1% first-year return on $63,990 initial cash invested.
-9.1%
Cash On Cash
4.42%
Cap Rate
0.66
DSCR
$1,648
Rent
-$485
Cashflow
Cash Flow
$1,648 income − $2,133 expenses = $485 out of pocket
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,990
Downpayment
20%
$43,800
Closing costs
1%
$2,190
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,648
Total Expenses
$2,133
Mortgage P&I
74%
$1,225
Property Taxes
2%
$40
Home Insurance
5%
$77
HOA
0%
$0
Property Management
15%
$247
CapEx
4%
$66
Vacancy
0%
$0
Maintenance
4%
$66
Other
25%
$412