This property looks like a bad Airbnb investment with a projected -16.95% first-year return on $63,150 initial cash invested.
-16.95%
Cash On Cash
2%
Cap Rate
0.3
DSCR
$1,248
Rent
-$892
Cashflow
Cash Flow
$1,248 income − $2,140 expenses = $892 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,248
Total Expenses
$2,140
Mortgage P&I
96%
$1,201
Property Taxes
21%
$265
Home Insurance
6%
$75
HOA
0%
$0
Property Management
15%
$187
CapEx
4%
$50
Vacancy
0%
$0
Maintenance
4%
$50
Other
25%
$312