This property looks like a bad Airbnb investment with a projected -1.14% first-year return on $63,129 initial cash invested.
-1.14%
Cash On Cash
6.95%
Cap Rate
1.03
DSCR
$2,465
Rent
-$60
Cashflow
Cash Flow
$2,465 income − $2,525 expenses = $60 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,129
Downpayment
20%
$42,980
Closing costs
1%
$2,149
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,465
Total Expenses
$2,525
Mortgage P&I
49%
$1,205
Property Taxes
2%
$61
Home Insurance
3%
$75
HOA
0%
$0
Property Management
15%
$370
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$616