This property looks like a bad Airbnb investment with a projected -11.76% first-year return on $64,200 initial cash invested.
-11.76%
Cash On Cash
3.71%
Cap Rate
0.56
DSCR
$2,100
Rent
-$629
Cashflow
Cash Flow
$2,100 income − $2,729 expenses = $629 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,200
Downpayment
20%
$44,000
Closing costs
1%
$2,200
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,100
Total Expenses
$2,729
Mortgage P&I
58%
$1,226
Property Taxes
20%
$418
Home Insurance
4%
$77
HOA
0%
$0
Property Management
15%
$315
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$525