This property looks like a bad Airbnb investment with a projected -2.54% first-year return on $62,835 initial cash invested.
-2.54%
Cash On Cash
6.54%
Cap Rate
0.97
DSCR
$2,586
Rent
-$133
Cashflow
Cash Flow
$2,586 income − $2,719 expenses = $133 out of pocket
Investment Breakdown
|
Purchase Price
$214k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,835
Downpayment
20%
$42,700
Closing costs
1%
$2,135
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,586
Total Expenses
$2,719
Mortgage P&I
46%
$1,194
Property Taxes
8%
$209
Home Insurance
3%
$76
HOA
0%
$0
Property Management
15%
$388
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$646