This property looks like a bad Airbnb investment with a projected -6.81% first-year return on $59,244 initial cash invested.
-6.81%
Cash On Cash
4.74%
Cap Rate
0.75
DSCR
$1,766
Rent
-$336
Cashflow
Cash Flow
$1,766 income − $2,102 expenses = $336 out of pocket
Investment Breakdown
|
Purchase Price
$196k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,244
Downpayment
20%
$39,280
Closing costs
1%
$1,964
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,766
Total Expenses
$2,102
Mortgage P&I
59%
$1,041
Property Taxes
8%
$142
Home Insurance
4%
$70
HOA
0%
$0
Property Management
15%
$265
CapEx
4%
$71
Vacancy
0%
$0
Maintenance
4%
$71
Other
25%
$442