This property looks like a bad Airbnb investment with a projected -7.88% first-year return on $64,389 initial cash invested.
-7.88%
Cash On Cash
4.89%
Cap Rate
0.73
DSCR
$2,095
Rent
-$423
Cashflow
Cash Flow
$2,095 income − $2,518 expenses = $423 out of pocket
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,389
Downpayment
20%
$44,180
Closing costs
1%
$2,209
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,095
Total Expenses
$2,518
Mortgage P&I
59%
$1,239
Property Taxes
9%
$194
Home Insurance
4%
$79
HOA
0%
$0
Property Management
15%
$314
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$524