This property looks like a bad Airbnb investment with a projected -1.02% first-year return on $63,822 initial cash invested.
-1.02%
Cash On Cash
6.67%
Cap Rate
1.04
DSCR
$2,604
Rent
-$54
Cashflow
Cash Flow
$2,604 income − $2,658 expenses = $54 out of pocket
Investment Breakdown
|
Purchase Price
$218k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,822
Downpayment
20%
$43,640
Closing costs
1%
$2,182
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,604
Total Expenses
$2,658
Mortgage P&I
45%
$1,163
Property Taxes
6%
$168
Home Insurance
3%
$77
HOA
0%
$0
Property Management
15%
$391
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$651