This property looks like a bad Airbnb investment with a projected -7.25% first-year return on $64,200 initial cash invested.
-7.25%
Cash On Cash
4.64%
Cap Rate
0.73
DSCR
$1,839
Rent
-$388
Cashflow
Cash Flow
$1,839 income − $2,227 expenses = $388 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,200
Downpayment
20%
$44,000
Closing costs
1%
$2,200
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,839
Total Expenses
$2,227
Mortgage P&I
63%
$1,165
Property Taxes
5%
$101
Home Insurance
4%
$77
HOA
0%
$0
Property Management
15%
$276
CapEx
4%
$74
Vacancy
0%
$0
Maintenance
4%
$74
Other
25%
$460