This property looks like a bad Airbnb investment with a projected -8.66% first-year return on $46,980 initial cash invested.
-8.66%
Cash On Cash
3.94%
Cap Rate
0.61
DSCR
$1,291
Rent
-$339
Cashflow
Cash Flow
$1,291 income − $1,630 expenses = $339 out of pocket
Investment Breakdown
|
Purchase Price
$138k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,980
Downpayment
20%
$27,600
Closing costs
1%
$1,380
Rehab
0%
$0
Furnishing
13%
$18,000
Cashflow
Total Income
$1,291
Total Expenses
$1,630
Mortgage P&I
57%
$740
Property Taxes
17%
$221
Home Insurance
4%
$48
HOA
0%
$0
Property Management
15%
$194
CapEx
4%
$52
Vacancy
0%
$0
Maintenance
4%
$52
Other
25%
$323