This property looks like a bad Airbnb investment with a projected -17.44% first-year return on $56,493 initial cash invested.
-17.44%
Cash On Cash
1.44%
Cap Rate
0.22
DSCR
$1,334
Rent
-$821
Cashflow
Cash Flow
$1,334 income − $2,155 expenses = $821 out of pocket
Investment Breakdown
|
Purchase Price
$183k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,493
Downpayment
20%
$36,660
Closing costs
1%
$1,833
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,334
Total Expenses
$2,155
Mortgage P&I
74%
$988
Property Taxes
35%
$464
Home Insurance
5%
$63
HOA
0%
$0
Property Management
15%
$200
CapEx
4%
$53
Vacancy
0%
$0
Maintenance
4%
$53
Other
25%
$334