This property looks like a bad Airbnb investment with a projected -5.98% first-year return on $60,000 initial cash invested.
-5.98%
Cash On Cash
5.13%
Cap Rate
0.82
DSCR
$2,673
Rent
-$299
Cashflow
Cash Flow
$2,673 income − $2,972 expenses = $299 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,000
Downpayment
20%
$40,000
Closing costs
1%
$2,000
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,673
Total Expenses
$2,972
Mortgage P&I
39%
$1,047
Property Taxes
21%
$572
Home Insurance
3%
$70
HOA
0%
$0
Property Management
15%
$401
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$668