This property looks like a bad Airbnb investment with a projected -3.02% first-year return on $62,079 initial cash invested.
-3.02%
Cash On Cash
6.24%
Cap Rate
0.95
DSCR
$2,362
Rent
-$156
Cashflow
Cash Flow
$2,362 income − $2,518 expenses = $156 out of pocket
Investment Breakdown
|
Purchase Price
$210k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,362
Total Expenses
$2,518
Mortgage P&I
49%
$1,153
Property Taxes
7%
$156
Home Insurance
3%
$77
HOA
0%
$0
Property Management
15%
$354
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$590