This property looks like a bad Airbnb investment with a projected -6.33% first-year return on $64,221 initial cash invested.
-6.33%
Cash On Cash
5.36%
Cap Rate
0.8
DSCR
$2,200
Rent
-$339
Cashflow
Cash Flow
$2,200 income − $2,539 expenses = $339 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,221
Downpayment
20%
$44,020
Closing costs
1%
$2,201
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,200
Total Expenses
$2,539
Mortgage P&I
56%
$1,235
Property Taxes
8%
$169
Home Insurance
4%
$79
HOA
0%
$0
Property Management
15%
$330
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$550