This property looks like a bad Airbnb investment with a projected -7.93% first-year return on $58,677 initial cash invested.
-7.93%
Cash On Cash
4.7%
Cap Rate
0.72
DSCR
$2,200
Rent
-$388
Cashflow
Cash Flow
$2,200 income − $2,588 expenses = $388 out of pocket
Investment Breakdown
|
Purchase Price
$194k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,677
Downpayment
20%
$38,740
Closing costs
1%
$1,937
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,200
Total Expenses
$2,588
Mortgage P&I
48%
$1,059
Property Taxes
13%
$287
Home Insurance
4%
$88
HOA
4%
$98
Property Management
15%
$330
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$550