This property looks like a bad Airbnb investment with a projected -25.01% first-year return on $64,200 initial cash invested.
-25.01%
Cash On Cash
-0.5%
Cap Rate
-0.07
DSCR
$0
Rent
-$1,338
Cashflow
Cash Flow
$0 income − $1,338 expenses = $1,338 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,200
Downpayment
20%
$44,000
Closing costs
1%
$2,200
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$0
Total Expenses
$1,338
Mortgage P&I
12460000%
$1,246
Property Taxes
150000%
$15
Home Insurance
770000%
$77
HOA
0%
$0
Property Management
0%
$0
CapEx
0%
$0
Vacancy
0%
$0
Maintenance
0%
$0
Other
0%
$0