This property looks like a bad Airbnb investment with a projected -1.44% first-year return on $63,150 initial cash invested.
-1.44%
Cash On Cash
6.6%
Cap Rate
1.02
DSCR
$2,463
Rent
-$76
Cashflow
Cash Flow
$2,463 income − $2,539 expenses = $76 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,463
Total Expenses
$2,539
Mortgage P&I
47%
$1,159
Property Taxes
5%
$122
Home Insurance
3%
$75
HOA
0%
$0
Property Management
15%
$369
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$616