This property looks like a bad Airbnb investment with a projected -3.24% first-year return on $60,084 initial cash invested.
-3.24%
Cash On Cash
5.93%
Cap Rate
0.94
DSCR
$2,548
Rent
-$162
Cashflow
Cash Flow
$2,548 income − $2,710 expenses = $162 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,084
Downpayment
20%
$40,080
Closing costs
1%
$2,004
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,548
Total Expenses
$2,710
Mortgage P&I
41%
$1,050
Property Taxes
14%
$365
Home Insurance
3%
$72
HOA
0%
$0
Property Management
15%
$382
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$637