This property looks like a bad Airbnb investment with a projected -4.63% first-year return on $55,233 initial cash invested.
-4.63%
Cash On Cash
5.88%
Cap Rate
0.89
DSCR
$2,577
Rent
-$213
Cashflow
Cash Flow
$2,577 income − $2,790 expenses = $213 out of pocket
Investment Breakdown
|
Purchase Price
$177k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,233
Downpayment
20%
$35,460
Closing costs
1%
$1,773
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,577
Total Expenses
$2,790
Mortgage P&I
38%
$979
Property Taxes
19%
$492
Home Insurance
3%
$82
HOA
0%
$0
Property Management
15%
$387
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$644