This property looks like a bad Airbnb investment with a projected -6.72% first-year return on $47,526 initial cash invested.
-6.72%
Cash On Cash
4.92%
Cap Rate
0.73
DSCR
$1,384
Rent
-$266
Cashflow
Cash Flow
$1,384 income − $1,650 expenses = $266 out of pocket
Investment Breakdown
|
Purchase Price
$141k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,526
Downpayment
20%
$28,120
Closing costs
1%
$1,406
Rehab
0%
$0
Furnishing
13%
$18,000
Cashflow
Total Income
$1,384
Total Expenses
$1,650
Mortgage P&I
57%
$788
Property Taxes
11%
$152
Home Insurance
3%
$46
HOA
0%
$0
Property Management
15%
$208
CapEx
4%
$55
Vacancy
0%
$0
Maintenance
4%
$55
Other
25%
$346