This property looks like a bad Airbnb investment with a projected -4.32% first-year return on $62,730 initial cash invested.
-4.32%
Cash On Cash
5.79%
Cap Rate
0.88
DSCR
$2,091
Rent
-$226
Cashflow
Cash Flow
$2,091 income − $2,317 expenses = $226 out of pocket
Investment Breakdown
|
Purchase Price
$213k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,730
Downpayment
20%
$42,600
Closing costs
1%
$2,130
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,091
Total Expenses
$2,317
Mortgage P&I
56%
$1,170
Property Taxes
3%
$67
Home Insurance
4%
$75
HOA
0%
$0
Property Management
15%
$314
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$523