This property looks like a bad Airbnb investment with a projected -2.69% first-year return on $62,793 initial cash invested.
-2.69%
Cash On Cash
6.37%
Cap Rate
0.95
DSCR
$2,181
Rent
-$141
Cashflow
Cash Flow
$2,181 income − $2,322 expenses = $141 out of pocket
Investment Breakdown
|
Purchase Price
$213k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,793
Downpayment
20%
$42,660
Closing costs
1%
$2,133
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,181
Total Expenses
$2,322
Mortgage P&I
54%
$1,186
Property Taxes
1%
$21
Home Insurance
3%
$69
HOA
0%
$0
Property Management
15%
$327
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$545