This property looks like a bad Airbnb investment with a projected -0.43% first-year return on $60,882 initial cash invested.
-0.43%
Cash On Cash
7.14%
Cap Rate
1.07
DSCR
$2,440
Rent
-$22
Cashflow
Cash Flow
$2,440 income − $2,462 expenses = $22 out of pocket
Investment Breakdown
|
Purchase Price
$204k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,882
Downpayment
20%
$40,840
Closing costs
1%
$2,042
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,440
Total Expenses
$2,462
Mortgage P&I
47%
$1,139
Property Taxes
3%
$72
Home Insurance
3%
$79
HOA
0%
$0
Property Management
15%
$366
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$610