This property looks like a bad Airbnb investment with a projected -9.76% first-year return on $61,827 initial cash invested.
-9.76%
Cash On Cash
4.06%
Cap Rate
0.63
DSCR
$2,109
Rent
-$503
Cashflow
Cash Flow
$2,109 income − $2,612 expenses = $503 out of pocket
Investment Breakdown
|
Purchase Price
$209k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,827
Downpayment
20%
$41,740
Closing costs
1%
$2,087
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,109
Total Expenses
$2,612
Mortgage P&I
53%
$1,125
Property Taxes
19%
$406
Home Insurance
3%
$70
HOA
0%
$0
Property Management
15%
$316
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$527