This property looks like a bad Airbnb investment with a projected -1.41% first-year return on $64,746 initial cash invested.
-1.41%
Cash On Cash
6.88%
Cap Rate
1.03
DSCR
$2,824
Rent
-$76
Cashflow
Cash Flow
$2,824 income − $2,900 expenses = $76 out of pocket
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,746
Downpayment
20%
$44,520
Closing costs
1%
$2,226
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,824
Total Expenses
$2,900
Mortgage P&I
44%
$1,239
Property Taxes
8%
$226
Home Insurance
3%
$79
HOA
0%
$0
Property Management
15%
$424
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$706