This property looks like a bad Airbnb investment with a projected -0.85% first-year return on $60,504 initial cash invested.
-0.85%
Cash On Cash
7.04%
Cap Rate
1.05
DSCR
$2,465
Rent
-$43
Cashflow
Cash Flow
$2,465 income − $2,508 expenses = $43 out of pocket
Investment Breakdown
|
Purchase Price
$202k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,504
Downpayment
20%
$40,480
Closing costs
1%
$2,024
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,465
Total Expenses
$2,508
Mortgage P&I
46%
$1,132
Property Taxes
5%
$118
Home Insurance
3%
$74
HOA
0%
$0
Property Management
15%
$370
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$616