This property looks like a bad Airbnb investment with a projected -8.46% first-year return on $59,685 initial cash invested.
-8.46%
Cash On Cash
4.62%
Cap Rate
0.68
DSCR
$1,737
Rent
-$421
Cashflow
Cash Flow
$1,737 income − $2,158 expenses = $421 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,685
Downpayment
20%
$39,700
Closing costs
1%
$1,985
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,737
Total Expenses
$2,158
Mortgage P&I
64%
$1,116
Property Taxes
8%
$137
Home Insurance
4%
$72
HOA
0%
$0
Property Management
15%
$261
CapEx
4%
$69
Vacancy
0%
$0
Maintenance
4%
$69
Other
25%
$434