This property looks like a bad Airbnb investment with a projected -1.51% first-year return on $57,102 initial cash invested.
-1.51%
Cash On Cash
6.9%
Cap Rate
1.03
DSCR
$2,540
Rent
-$72
Cashflow
Cash Flow
$2,540 income − $2,612 expenses = $72 out of pocket
Investment Breakdown
|
Purchase Price
$186k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,102
Downpayment
20%
$37,240
Closing costs
1%
$1,862
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,540
Total Expenses
$2,612
Mortgage P&I
41%
$1,041
Property Taxes
11%
$288
Home Insurance
2%
$63
HOA
0%
$0
Property Management
15%
$381
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$635