This property looks like a bad Airbnb investment with a projected -3.34% first-year return on $62,919 initial cash invested.
-3.34%
Cash On Cash
6.31%
Cap Rate
0.93
DSCR
$2,336
Rent
-$175
Cashflow
Cash Flow
$2,336 income − $2,511 expenses = $175 out of pocket
Investment Breakdown
|
Purchase Price
$214k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,919
Downpayment
20%
$42,780
Closing costs
1%
$2,139
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,336
Total Expenses
$2,511
Mortgage P&I
52%
$1,206
Property Taxes
5%
$110
Home Insurance
3%
$75
HOA
0%
$0
Property Management
15%
$350
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$584