This property looks like a bad Airbnb investment with a projected -0.12% first-year return on $62,310 initial cash invested.
-0.12%
Cash On Cash
7.09%
Cap Rate
1.09
DSCR
$2,710
Rent
-$6
Cashflow
Cash Flow
$2,710 income − $2,716 expenses = $6 out of pocket
Investment Breakdown
|
Purchase Price
$211k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,310
Downpayment
20%
$42,200
Closing costs
1%
$2,110
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,710
Total Expenses
$2,716
Mortgage P&I
42%
$1,144
Property Taxes
7%
$181
Home Insurance
3%
$91
HOA
0%
$0
Property Management
15%
$406
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$678