This property looks like a bad Airbnb investment with a projected -0.12% first-year return on $60,840 initial cash invested.
-0.12%
Cash On Cash
7.36%
Cap Rate
1.1
DSCR
$2,888
Rent
-$6
Cashflow
Cash Flow
$2,888 income − $2,894 expenses = $6 out of pocket
Investment Breakdown
|
Purchase Price
$204k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,840
Downpayment
20%
$40,800
Closing costs
1%
$2,040
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,888
Total Expenses
$2,894
Mortgage P&I
40%
$1,142
Property Taxes
10%
$291
Home Insurance
3%
$74
HOA
0%
$0
Property Management
15%
$433
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$722