This property looks like a bad Airbnb investment with a projected -8.01% first-year return on $50,802 initial cash invested.
-8.01%
Cash On Cash
4.39%
Cap Rate
0.67
DSCR
$1,419
Rent
-$339
Cashflow
Cash Flow
$1,419 income − $1,758 expenses = $339 out of pocket
Investment Breakdown
|
Purchase Price
$156k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,802
Downpayment
20%
$31,240
Closing costs
1%
$1,562
Rehab
0%
$0
Furnishing
12%
$18,000
Cashflow
Total Income
$1,419
Total Expenses
$1,758
Mortgage P&I
60%
$854
Property Taxes
13%
$180
Home Insurance
3%
$42
HOA
0%
$0
Property Management
15%
$213
CapEx
4%
$57
Vacancy
0%
$0
Maintenance
4%
$57
Other
25%
$355