This property looks like a bad Airbnb investment with a projected -4.01% first-year return on $52,125 initial cash invested.
-4.01%
Cash On Cash
5.79%
Cap Rate
0.89
DSCR
$1,913
Rent
-$174
Cashflow
Cash Flow
$1,913 income − $2,087 expenses = $174 out of pocket
Investment Breakdown
|
Purchase Price
$163k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,125
Downpayment
20%
$32,500
Closing costs
1%
$1,625
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$1,913
Total Expenses
$2,087
Mortgage P&I
46%
$881
Property Taxes
12%
$230
Home Insurance
3%
$57
HOA
0%
$0
Property Management
15%
$287
CapEx
4%
$77
Vacancy
0%
$0
Maintenance
4%
$77
Other
25%
$478