This property looks like a bad Airbnb investment with a projected -6.82% first-year return on $63,738 initial cash invested.
-6.82%
Cash On Cash
5.26%
Cap Rate
0.78
DSCR
$2,255
Rent
-$362
Cashflow
Cash Flow
$2,255 income − $2,617 expenses = $362 out of pocket
Investment Breakdown
|
Purchase Price
$218k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,738
Downpayment
20%
$43,560
Closing costs
1%
$2,178
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,255
Total Expenses
$2,617
Mortgage P&I
54%
$1,226
Property Taxes
10%
$230
Home Insurance
4%
$79
HOA
0%
$0
Property Management
15%
$338
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$564