This property looks like a bad Airbnb investment with a projected -6.01% first-year return on $50,550 initial cash invested.
-6.01%
Cash On Cash
4.78%
Cap Rate
0.76
DSCR
$1,406
Rent
-$253
Cashflow
Cash Flow
$1,406 income − $1,659 expenses = $253 out of pocket
Investment Breakdown
|
Purchase Price
$155k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,550
Downpayment
20%
$31,000
Closing costs
1%
$1,550
Rehab
0%
$0
Furnishing
12%
$18,000
Cashflow
Total Income
$1,406
Total Expenses
$1,659
Mortgage P&I
58%
$815
Property Taxes
8%
$115
Home Insurance
4%
$54
HOA
0%
$0
Property Management
15%
$211
CapEx
4%
$56
Vacancy
0%
$0
Maintenance
4%
$56
Other
25%
$352