This property looks like a bad Airbnb investment with a projected -6.44% first-year return on $63,213 initial cash invested.
-6.44%
Cash On Cash
5.27%
Cap Rate
0.79
DSCR
$2,244
Rent
-$339
Cashflow
Cash Flow
$2,244 income − $2,583 expenses = $339 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,213
Downpayment
20%
$43,060
Closing costs
1%
$2,153
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,244
Total Expenses
$2,583
Mortgage P&I
53%
$1,195
Property Taxes
10%
$233
Home Insurance
3%
$77
HOA
0%
$0
Property Management
15%
$337
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$561