This property looks like a bad Airbnb investment with a projected -3.21% first-year return on $59,517 initial cash invested.
-3.21%
Cash On Cash
5.72%
Cap Rate
0.94
DSCR
$2,419
Rent
-$159
Cashflow
Cash Flow
$2,419 income − $2,578 expenses = $159 out of pocket
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,517
Downpayment
20%
$39,540
Closing costs
1%
$1,977
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,419
Total Expenses
$2,578
Mortgage P&I
42%
$1,004
Property Taxes
14%
$339
Home Insurance
3%
$73
HOA
0%
$0
Property Management
15%
$363
CapEx
4%
$97
Vacancy
0%
$0
Maintenance
4%
$97
Other
25%
$605