This property looks like a bad Airbnb investment with a projected -0.9% first-year return on $62,898 initial cash invested.
-0.9%
Cash On Cash
7.05%
Cap Rate
1.05
DSCR
$2,747
Rent
-$47
Cashflow
Cash Flow
$2,747 income − $2,794 expenses = $47 out of pocket
Investment Breakdown
|
Purchase Price
$214k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,898
Downpayment
20%
$42,760
Closing costs
1%
$2,138
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,747
Total Expenses
$2,794
Mortgage P&I
43%
$1,193
Property Taxes
7%
$205
Home Insurance
3%
$77
HOA
0%
$0
Property Management
15%
$412
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$687