This property looks like a bad Airbnb investment with a projected -8.43% first-year return on $59,349 initial cash invested.
-8.43%
Cash On Cash
4.65%
Cap Rate
0.69
DSCR
$1,979
Rent
-$417
Cashflow
Cash Flow
$1,979 income − $2,396 expenses = $417 out of pocket
Investment Breakdown
|
Purchase Price
$197k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,349
Downpayment
20%
$39,380
Closing costs
1%
$1,969
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,979
Total Expenses
$2,396
Mortgage P&I
56%
$1,101
Property Taxes
14%
$275
Home Insurance
4%
$70
HOA
0%
$0
Property Management
15%
$297
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$495