This property looks like a bad Airbnb investment with a projected -3.85% first-year return on $61,995 initial cash invested.
-3.85%
Cash On Cash
6.23%
Cap Rate
0.92
DSCR
$2,654
Rent
-$199
Cashflow
Cash Flow
$2,654 income − $2,853 expenses = $199 out of pocket
Investment Breakdown
|
Purchase Price
$210k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,995
Downpayment
20%
$41,900
Closing costs
1%
$2,095
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,654
Total Expenses
$2,853
Mortgage P&I
45%
$1,181
Property Taxes
12%
$323
Home Insurance
3%
$75
HOA
0%
$0
Property Management
15%
$398
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$664