This property looks like a bad Airbnb investment with a projected -14.92% first-year return on $58,803 initial cash invested.
-14.92%
Cash On Cash
2.19%
Cap Rate
0.34
DSCR
$952
Rent
-$731
Cashflow
Cash Flow
$952 income − $1,683 expenses = $731 out of pocket
Investment Breakdown
|
Purchase Price
$194k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,803
Downpayment
20%
$38,860
Closing costs
1%
$1,943
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$952
Total Expenses
$1,683
Mortgage P&I
110%
$1,047
Property Taxes
11%
$109
Home Insurance
7%
$70
HOA
0%
$0
Property Management
15%
$143
CapEx
4%
$38
Vacancy
0%
$0
Maintenance
4%
$38
Other
25%
$238