This property looks like a bad Airbnb investment with a projected -12.91% first-year return on $62,163 initial cash invested.
-12.91%
Cash On Cash
3.04%
Cap Rate
0.47
DSCR
$1,626
Rent
-$669
Cashflow
Cash Flow
$1,626 income − $2,295 expenses = $669 out of pocket
Investment Breakdown
|
Purchase Price
$210k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,163
Downpayment
20%
$42,060
Closing costs
1%
$2,103
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,626
Total Expenses
$2,295
Mortgage P&I
70%
$1,137
Property Taxes
19%
$303
Home Insurance
5%
$75
HOA
0%
$0
Property Management
15%
$244
CapEx
4%
$65
Vacancy
0%
$0
Maintenance
4%
$65
Other
25%
$406