This property looks like a bad Airbnb investment with a projected -2.6% first-year return on $49,857 initial cash invested.
-2.6%
Cash On Cash
6.23%
Cap Rate
0.96
DSCR
$1,813
Rent
-$108
Cashflow
Cash Flow
$1,813 income − $1,921 expenses = $108 out of pocket
Investment Breakdown
|
Purchase Price
$152k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,857
Downpayment
20%
$30,340
Closing costs
1%
$1,517
Rehab
0%
$0
Furnishing
12%
$18,000
Cashflow
Total Income
$1,813
Total Expenses
$1,921
Mortgage P&I
45%
$823
Property Taxes
10%
$173
Home Insurance
3%
$54
HOA
0%
$0
Property Management
15%
$272
CapEx
4%
$73
Vacancy
0%
$0
Maintenance
4%
$73
Other
25%
$453