This property looks like a bad Airbnb investment with a projected -9.65% first-year return on $58,849 initial cash invested.
-9.65%
Cash On Cash
3.78%
Cap Rate
0.6
DSCR
$1,806
Rent
-$473
Cashflow
Cash Flow
$1,806 income − $2,279 expenses = $473 out of pocket
Investment Breakdown
|
Purchase Price
$195k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,849
Downpayment
20%
$38,904
Closing costs
1%
$1,945
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,806
Total Expenses
$2,279
Mortgage P&I
56%
$1,013
Property Taxes
18%
$331
Home Insurance
4%
$68
HOA
0%
$0
Property Management
15%
$271
CapEx
4%
$72
Vacancy
0%
$0
Maintenance
4%
$72
Other
25%
$452