This property looks like a bad Airbnb investment with a projected -2.59% first-year return on $59,349 initial cash invested.
-2.59%
Cash On Cash
6.54%
Cap Rate
0.97
DSCR
$2,489
Rent
-$128
Cashflow
Cash Flow
$2,489 income − $2,617 expenses = $128 out of pocket
Investment Breakdown
|
Purchase Price
$197k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,349
Downpayment
20%
$39,380
Closing costs
1%
$1,969
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,489
Total Expenses
$2,617
Mortgage P&I
44%
$1,101
Property Taxes
10%
$251
Home Insurance
3%
$70
HOA
0%
$0
Property Management
15%
$373
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$622