This property looks like a bad Airbnb investment with a projected -4.97% first-year return on $62,037 initial cash invested.
-4.97%
Cash On Cash
5.78%
Cap Rate
0.86
DSCR
$2,345
Rent
-$257
Cashflow
Cash Flow
$2,345 income − $2,602 expenses = $257 out of pocket
Investment Breakdown
|
Purchase Price
$210k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,037
Downpayment
20%
$41,940
Closing costs
1%
$2,097
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,345
Total Expenses
$2,602
Mortgage P&I
50%
$1,173
Property Taxes
10%
$229
Home Insurance
3%
$74
HOA
0%
$0
Property Management
15%
$352
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$586