This property looks like a bad Airbnb investment with a projected -16.21% first-year return on $61,218 initial cash invested.
-16.21%
Cash On Cash
1.72%
Cap Rate
0.28
DSCR
$1,250
Rent
-$827
Cashflow
Cash Flow
$1,250 income − $2,077 expenses = $827 out of pocket
Investment Breakdown
|
Purchase Price
$206k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,218
Downpayment
20%
$41,160
Closing costs
1%
$2,058
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,250
Total Expenses
$2,077
Mortgage P&I
86%
$1,072
Property Taxes
20%
$247
Home Insurance
6%
$75
HOA
7%
$83
Property Management
15%
$188
CapEx
4%
$50
Vacancy
0%
$0
Maintenance
4%
$50
Other
25%
$312