This property looks like a bad Airbnb investment with a projected -10.95% first-year return on $59,286 initial cash invested.
-10.95%
Cash On Cash
3.85%
Cap Rate
0.57
DSCR
$1,488
Rent
-$541
Cashflow
Cash Flow
$1,488 income − $2,029 expenses = $541 out of pocket
Investment Breakdown
|
Purchase Price
$197k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,286
Downpayment
20%
$39,320
Closing costs
1%
$1,966
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,488
Total Expenses
$2,029
Mortgage P&I
75%
$1,111
Property Taxes
9%
$131
Home Insurance
5%
$72
HOA
0%
$0
Property Management
15%
$223
CapEx
4%
$60
Vacancy
0%
$0
Maintenance
4%
$60
Other
25%
$372