This property looks like a bad Airbnb investment with a projected -6.88% first-year return on $64,683 initial cash invested.
-6.88%
Cash On Cash
5.08%
Cap Rate
0.76
DSCR
$1,882
Rent
-$371
Cashflow
Cash Flow
$1,882 income − $2,253 expenses = $371 out of pocket
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,683
Downpayment
20%
$44,460
Closing costs
1%
$2,223
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,882
Total Expenses
$2,253
Mortgage P&I
66%
$1,237
Property Taxes
2%
$35
Home Insurance
4%
$79
HOA
0%
$0
Property Management
15%
$282
CapEx
4%
$75
Vacancy
0%
$0
Maintenance
4%
$75
Other
25%
$470