This property looks like a bad Airbnb investment with a projected -10.08% first-year return on $64,179 initial cash invested.
-10.08%
Cash On Cash
3.9%
Cap Rate
0.6
DSCR
$1,578
Rent
-$539
Cashflow
Cash Flow
$1,578 income − $2,117 expenses = $539 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,179
Downpayment
20%
$43,980
Closing costs
1%
$2,199
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,578
Total Expenses
$2,117
Mortgage P&I
75%
$1,191
Property Taxes
6%
$92
Home Insurance
5%
$77
HOA
0%
$0
Property Management
15%
$237
CapEx
4%
$63
Vacancy
0%
$0
Maintenance
4%
$63
Other
25%
$394