This property looks like a bad Airbnb investment with a projected -9.77% first-year return on $58,950 initial cash invested.
-9.77%
Cash On Cash
4.01%
Cap Rate
0.61
DSCR
$1,729
Rent
-$480
Cashflow
Cash Flow
$1,729 income − $2,209 expenses = $480 out of pocket
Investment Breakdown
|
Purchase Price
$195k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,950
Downpayment
20%
$39,000
Closing costs
1%
$1,950
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,729
Total Expenses
$2,209
Mortgage P&I
61%
$1,062
Property Taxes
14%
$250
Home Insurance
4%
$68
HOA
0%
$0
Property Management
15%
$259
CapEx
4%
$69
Vacancy
0%
$0
Maintenance
4%
$69
Other
25%
$432