This property looks like a bad Airbnb investment with a projected -0.64% first-year return on $60,420 initial cash invested.
-0.64%
Cash On Cash
6.82%
Cap Rate
1.07
DSCR
$2,633
Rent
-$32
Cashflow
Cash Flow
$2,633 income − $2,665 expenses = $32 out of pocket
Investment Breakdown
|
Purchase Price
$202k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,420
Downpayment
20%
$40,400
Closing costs
1%
$2,020
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,633
Total Expenses
$2,665
Mortgage P&I
41%
$1,075
Property Taxes
10%
$256
Home Insurance
3%
$71
HOA
0%
$0
Property Management
15%
$395
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$658