This property looks like a bad Airbnb investment with a projected -4.69% first-year return on $64,704 initial cash invested.
-4.69%
Cash On Cash
5.59%
Cap Rate
0.86
DSCR
$2,119
Rent
-$253
Cashflow
Cash Flow
$2,119 income − $2,372 expenses = $253 out of pocket
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,704
Downpayment
20%
$44,480
Closing costs
1%
$2,224
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,119
Total Expenses
$2,372
Mortgage P&I
57%
$1,204
Property Taxes
3%
$70
Home Insurance
4%
$80
HOA
0%
$0
Property Management
15%
$318
CapEx
4%
$85
Vacancy
0%
$0
Maintenance
4%
$85
Other
25%
$530