This property looks like a bad Airbnb investment with a projected -1.92% first-year return on $62,478 initial cash invested.
-1.92%
Cash On Cash
6.53%
Cap Rate
0.99
DSCR
$2,330
Rent
-$100
Cashflow
Cash Flow
$2,330 income − $2,430 expenses = $100 out of pocket
Investment Breakdown
|
Purchase Price
$212k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,478
Downpayment
20%
$42,360
Closing costs
1%
$2,118
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,330
Total Expenses
$2,430
Mortgage P&I
50%
$1,159
Property Taxes
4%
$101
Home Insurance
2%
$52
HOA
0%
$0
Property Management
15%
$350
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$582