This property looks like a bad Airbnb investment with a projected -20.16% first-year return on $63,801 initial cash invested.
-20.16%
Cash On Cash
1.07%
Cap Rate
0.16
DSCR
$1,279
Rent
-$1,072
Cashflow
Cash Flow
$1,279 income − $2,351 expenses = $1,072 out of pocket
Investment Breakdown
|
Purchase Price
$218k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,801
Downpayment
20%
$43,620
Closing costs
1%
$2,181
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,279
Total Expenses
$2,351
Mortgage P&I
95%
$1,216
Property Taxes
35%
$444
Home Insurance
6%
$77
HOA
0%
$0
Property Management
15%
$192
CapEx
4%
$51
Vacancy
0%
$0
Maintenance
4%
$51
Other
25%
$320