This property looks like a bad Airbnb investment with a projected -9.22% first-year return on $62,079 initial cash invested.
-9.22%
Cash On Cash
4.34%
Cap Rate
0.65
DSCR
$1,753
Rent
-$477
Cashflow
Cash Flow
$1,753 income − $2,230 expenses = $477 out of pocket
Investment Breakdown
|
Purchase Price
$210k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,079
Downpayment
20%
$41,980
Closing costs
1%
$2,099
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,753
Total Expenses
$2,230
Mortgage P&I
67%
$1,167
Property Taxes
8%
$148
Home Insurance
4%
$74
HOA
0%
$0
Property Management
15%
$263
CapEx
4%
$70
Vacancy
0%
$0
Maintenance
4%
$70
Other
25%
$438