This property looks like a bad Airbnb investment with a projected -3.95% first-year return on $59,790 initial cash invested.
-3.95%
Cash On Cash
6.05%
Cap Rate
0.9
DSCR
$2,085
Rent
-$197
Cashflow
Cash Flow
$2,085 income − $2,282 expenses = $197 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,790
Downpayment
20%
$39,800
Closing costs
1%
$1,990
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,085
Total Expenses
$2,282
Mortgage P&I
54%
$1,118
Property Taxes
5%
$94
Home Insurance
3%
$70
HOA
0%
$0
Property Management
15%
$313
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$521