This property looks like a bad Airbnb investment with a projected -23.64% first-year return on $62,436 initial cash invested.
-23.64%
Cash On Cash
-0.16%
Cap Rate
-0.02
DSCR
$417
Rent
-$1,230
Cashflow
Cash Flow
$417 income − $1,647 expenses = $1,230 out of pocket
Investment Breakdown
|
Purchase Price
$212k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,436
Downpayment
20%
$42,320
Closing costs
1%
$2,116
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$417
Total Expenses
$1,647
Mortgage P&I
284%
$1,184
Property Taxes
45%
$188
Home Insurance
18%
$74
HOA
0%
$0
Property Management
15%
$63
CapEx
4%
$17
Vacancy
0%
$0
Maintenance
4%
$17
Other
25%
$104