This property looks like a bad Airbnb investment with a projected -1% first-year return on $60,966 initial cash invested.
-1%
Cash On Cash
7.09%
Cap Rate
1.06
DSCR
$2,877
Rent
-$51
Cashflow
Cash Flow
$2,877 income − $2,928 expenses = $51 out of pocket
Investment Breakdown
|
Purchase Price
$205k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,966
Downpayment
20%
$40,920
Closing costs
1%
$2,046
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,877
Total Expenses
$2,928
Mortgage P&I
40%
$1,144
Property Taxes
12%
$347
Home Insurance
2%
$56
HOA
0%
$0
Property Management
15%
$432
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$719