This property looks like a bad Airbnb investment with a projected -2.45% first-year return on $63,150 initial cash invested.
-2.45%
Cash On Cash
6.22%
Cap Rate
0.98
DSCR
$2,646
Rent
-$129
Cashflow
Cash Flow
$2,646 income − $2,775 expenses = $129 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,646
Total Expenses
$2,775
Mortgage P&I
43%
$1,138
Property Taxes
11%
$291
Home Insurance
3%
$75
HOA
0%
$0
Property Management
15%
$397
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$662