This property looks like a bad Airbnb investment with a projected -3.08% first-year return on $62,751 initial cash invested.
-3.08%
Cash On Cash
6.08%
Cap Rate
0.95
DSCR
$2,473
Rent
-$161
Cashflow
Cash Flow
$2,473 income − $2,634 expenses = $161 out of pocket
Investment Breakdown
|
Purchase Price
$213k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,751
Downpayment
20%
$42,620
Closing costs
1%
$2,131
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,473
Total Expenses
$2,634
Mortgage P&I
46%
$1,141
Property Taxes
9%
$228
Home Insurance
3%
$78
HOA
0%
$0
Property Management
15%
$371
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$618