This property looks like a bad Airbnb investment with a projected -8.23% first-year return on $64,148 initial cash invested.
-8.23%
Cash On Cash
4.75%
Cap Rate
0.71
DSCR
$2,062
Rent
-$440
Cashflow
Cash Flow
$2,062 income − $2,502 expenses = $440 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,148
Downpayment
20%
$43,950
Closing costs
1%
$2,198
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,062
Total Expenses
$2,502
Mortgage P&I
60%
$1,228
Property Taxes
10%
$208
Home Insurance
4%
$77
HOA
0%
$0
Property Management
15%
$309
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$516