This property looks like a bad Airbnb investment with a projected -3.68% first-year return on $60,987 initial cash invested.
-3.68%
Cash On Cash
6.03%
Cap Rate
0.91
DSCR
$2,272
Rent
-$187
Cashflow
Cash Flow
$2,272 income − $2,459 expenses = $187 out of pocket
Investment Breakdown
|
Purchase Price
$205k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,987
Downpayment
20%
$40,940
Closing costs
1%
$2,047
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,272
Total Expenses
$2,459
Mortgage P&I
49%
$1,124
Property Taxes
7%
$170
Home Insurance
3%
$74
HOA
0%
$0
Property Management
15%
$341
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$568