This property looks like a bad Airbnb investment with a projected -13.8% first-year return on $59,979 initial cash invested.
-13.8%
Cash On Cash
2.61%
Cap Rate
0.4
DSCR
$990
Rent
-$690
Cashflow
Cash Flow
$990 income − $1,680 expenses = $690 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,979
Downpayment
20%
$39,980
Closing costs
1%
$1,999
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$990
Total Expenses
$1,680
Mortgage P&I
109%
$1,084
Property Taxes
5%
$50
Home Insurance
7%
$70
HOA
0%
$0
Property Management
15%
$148
CapEx
4%
$40
Vacancy
0%
$0
Maintenance
4%
$40
Other
25%
$248