This property looks like a bad Airbnb investment with a projected -11.68% first-year return on $61,218 initial cash invested.
-11.68%
Cash On Cash
3.07%
Cap Rate
0.49
DSCR
$1,362
Rent
-$596
Cashflow
Cash Flow
$1,362 income − $1,958 expenses = $596 out of pocket
Investment Breakdown
|
Purchase Price
$206k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,218
Downpayment
20%
$41,160
Closing costs
1%
$2,058
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,362
Total Expenses
$1,958
Mortgage P&I
78%
$1,069
Property Taxes
10%
$136
Home Insurance
7%
$101
HOA
0%
$0
Property Management
15%
$204
CapEx
4%
$54
Vacancy
0%
$0
Maintenance
4%
$54
Other
25%
$340