This property looks like a bad Airbnb investment with a projected -22.9% first-year return on $63,990 initial cash invested.
-22.9%
Cash On Cash
-0.44%
Cap Rate
-0.07
DSCR
$100
Rent
-$1,221
Cashflow
Cash Flow
$100 income − $1,321 expenses = $1,221 out of pocket
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,990
Downpayment
20%
$43,800
Closing costs
1%
$2,190
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$100
Total Expenses
$1,321
Mortgage P&I
1136%
$1,136
Property Taxes
60%
$60
Home Insurance
77%
$77
HOA
0%
$0
Property Management
15%
$15
CapEx
4%
$4
Vacancy
0%
$0
Maintenance
4%
$4
Other
25%
$25