This property looks like a bad Airbnb investment with a projected -17.52% first-year return on $58,026 initial cash invested.
-17.52%
Cash On Cash
1.39%
Cap Rate
0.23
DSCR
$2,331
Rent
-$847
Cashflow
Cash Flow
$2,331 income − $3,178 expenses = $847 out of pocket
Investment Breakdown
|
Purchase Price
$191k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,026
Downpayment
20%
$38,120
Closing costs
1%
$1,906
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,331
Total Expenses
$3,178
Mortgage P&I
42%
$974
Property Taxes
24%
$558
Home Insurance
10%
$227
HOA
13%
$300
Property Management
15%
$350
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$583