This property looks like a bad Airbnb investment with a projected -6.94% first-year return on $42,024 initial cash invested.
-6.94%
Cash On Cash
4.17%
Cap Rate
0.66
DSCR
$938
Rent
-$243
Cashflow
Cash Flow
$938 income − $1,181 expenses = $243 out of pocket
Investment Breakdown
|
Purchase Price
$114k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,024
Downpayment
20%
$22,880
Closing costs
1%
$1,144
Rehab
0%
$0
Furnishing
16%
$18,000
Cashflow
Total Income
$938
Total Expenses
$1,181
Mortgage P&I
64%
$603
Property Taxes
9%
$86
Home Insurance
4%
$41
HOA
0%
$0
Property Management
15%
$141
CapEx
4%
$38
Vacancy
0%
$0
Maintenance
4%
$38
Other
25%
$234