This property looks like a bad Airbnb investment with a projected -8.34% first-year return on $62,268 initial cash invested.
-8.34%
Cash On Cash
4.45%
Cap Rate
0.69
DSCR
$1,994
Rent
-$433
Cashflow
Cash Flow
$1,994 income − $2,427 expenses = $433 out of pocket
Investment Breakdown
|
Purchase Price
$211k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,268
Downpayment
20%
$42,160
Closing costs
1%
$2,108
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,994
Total Expenses
$2,427
Mortgage P&I
57%
$1,134
Property Taxes
13%
$259
Home Insurance
4%
$77
HOA
0%
$0
Property Management
15%
$299
CapEx
4%
$80
Vacancy
0%
$0
Maintenance
4%
$80
Other
25%
$498