This property looks like a bad Airbnb investment with a projected -14.14% first-year return on $60,861 initial cash invested.
-14.14%
Cash On Cash
2.85%
Cap Rate
0.42
DSCR
$1,121
Rent
-$717
Cashflow
Cash Flow
$1,121 income − $1,838 expenses = $717 out of pocket
Investment Breakdown
|
Purchase Price
$204k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,861
Downpayment
20%
$40,820
Closing costs
1%
$2,041
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,121
Total Expenses
$1,838
Mortgage P&I
103%
$1,156
Property Taxes
7%
$74
Home Insurance
6%
$70
HOA
0%
$0
Property Management
15%
$168
CapEx
4%
$45
Vacancy
0%
$0
Maintenance
4%
$45
Other
25%
$280