This property looks like a bad Airbnb investment with a projected -20.99% first-year return on $62,100 initial cash invested.
-20.99%
Cash On Cash
0.37%
Cap Rate
0.06
DSCR
$330
Rent
-$1,086
Cashflow
Cash Flow
$330 income − $1,416 expenses = $1,086 out of pocket
Investment Breakdown
|
Purchase Price
$210k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,100
Downpayment
20%
$42,000
Closing costs
1%
$2,100
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$330
Total Expenses
$1,416
Mortgage P&I
345%
$1,137
Property Taxes
14%
$47
Home Insurance
22%
$74
HOA
0%
$0
Property Management
15%
$50
CapEx
4%
$13
Vacancy
0%
$0
Maintenance
4%
$13
Other
25%
$82