This property looks like a bad Airbnb investment with a projected -7.17% first-year return on $59,790 initial cash invested.
-7.17%
Cash On Cash
5.05%
Cap Rate
0.74
DSCR
$1,691
Rent
-$357
Cashflow
Cash Flow
$1,691 income − $2,048 expenses = $357 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,691
Total Expenses
$2,048
Mortgage P&I
67%
$1,127
Property Taxes
2%
$38
Home Insurance
4%
$70
HOA
0%
$0
Property Management
15%
$254
CapEx
4%
$68
Vacancy
0%
$0
Maintenance
4%
$68
Other
25%
$423