This property looks like a bad Airbnb investment with a projected -2.67% first-year return on $58,908 initial cash invested.
-2.67%
Cash On Cash
6.2%
Cap Rate
0.95
DSCR
$2,043
Rent
-$131
Cashflow
Cash Flow
$2,043 income − $2,174 expenses = $131 out of pocket
Investment Breakdown
|
Purchase Price
$195k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,908
Downpayment
20%
$38,960
Closing costs
1%
$1,948
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,043
Total Expenses
$2,174
Mortgage P&I
52%
$1,055
Property Taxes
3%
$68
Home Insurance
3%
$70
HOA
0%
$0
Property Management
15%
$306
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$511