This property looks like a bad Airbnb investment with a projected -3.55% first-year return on $59,496 initial cash invested.
-3.55%
Cash On Cash
5.96%
Cap Rate
0.93
DSCR
$2,493
Rent
-$176
Cashflow
Cash Flow
$2,493 income − $2,669 expenses = $176 out of pocket
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,496
Downpayment
20%
$39,520
Closing costs
1%
$1,976
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,493
Total Expenses
$2,669
Mortgage P&I
42%
$1,058
Property Taxes
14%
$344
Home Insurance
3%
$70
HOA
0%
$0
Property Management
15%
$374
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$623