This property looks like a bad Airbnb investment with a projected -6.78% first-year return on $59,979 initial cash invested.
-6.78%
Cash On Cash
5.01%
Cap Rate
0.77
DSCR
$2,404
Rent
-$339
Cashflow
Cash Flow
$2,404 income − $2,743 expenses = $339 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,979
Downpayment
20%
$39,980
Closing costs
1%
$1,999
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,404
Total Expenses
$2,743
Mortgage P&I
45%
$1,077
Property Taxes
18%
$442
Home Insurance
3%
$70
HOA
0%
$0
Property Management
15%
$361
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$601