This property looks like a bad Airbnb investment with a projected -1.46% first-year return on $59,328 initial cash invested.
-1.46%
Cash On Cash
6.76%
Cap Rate
1.02
DSCR
$2,323
Rent
-$72
Cashflow
Cash Flow
$2,323 income − $2,395 expenses = $72 out of pocket
Investment Breakdown
|
Purchase Price
$197k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,328
Downpayment
20%
$39,360
Closing costs
1%
$1,968
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,323
Total Expenses
$2,395
Mortgage P&I
47%
$1,087
Property Taxes
5%
$123
Home Insurance
3%
$70
HOA
0%
$0
Property Management
15%
$348
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$581