This property looks like a bad Airbnb investment with a projected -9.13% first-year return on $64,305 initial cash invested.
-9.13%
Cash On Cash
4.46%
Cap Rate
0.67
DSCR
$2,164
Rent
-$489
Cashflow
Cash Flow
$2,164 income − $2,653 expenses = $489 out of pocket
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,305
Downpayment
20%
$44,100
Closing costs
1%
$2,205
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,164
Total Expenses
$2,653
Mortgage P&I
56%
$1,221
Property Taxes
13%
$288
Home Insurance
4%
$79
HOA
1%
$25
Property Management
15%
$325
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$541