This property looks like a bad Airbnb investment with a projected -9.53% first-year return on $64,620 initial cash invested.
-9.53%
Cash On Cash
4.33%
Cap Rate
0.64
DSCR
$1,791
Rent
-$513
Cashflow
Cash Flow
$1,791 income − $2,304 expenses = $513 out of pocket
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,620
Downpayment
20%
$44,400
Closing costs
1%
$2,220
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,791
Total Expenses
$2,304
Mortgage P&I
69%
$1,242
Property Taxes
7%
$122
Home Insurance
4%
$79
HOA
0%
$0
Property Management
15%
$269
CapEx
4%
$72
Vacancy
0%
$0
Maintenance
4%
$72
Other
25%
$448