This property looks like a bad Airbnb investment with a projected -13.36% first-year return on $63,150 initial cash invested.
-13.36%
Cash On Cash
3.16%
Cap Rate
0.47
DSCR
$1,362
Rent
-$703
Cashflow
Cash Flow
$1,362 income − $2,065 expenses = $703 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,362
Total Expenses
$2,065
Mortgage P&I
89%
$1,215
Property Taxes
9%
$123
Home Insurance
6%
$75
HOA
0%
$0
Property Management
15%
$204
CapEx
4%
$54
Vacancy
0%
$0
Maintenance
4%
$54
Other
25%
$340