This property looks like a bad Airbnb investment with a projected -2.74% first-year return on $52,629 initial cash invested.
-2.74%
Cash On Cash
5.9%
Cap Rate
0.95
DSCR
$1,870
Rent
-$120
Cashflow
Cash Flow
$1,870 income − $1,990 expenses = $120 out of pocket
Investment Breakdown
|
Purchase Price
$165k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,629
Downpayment
20%
$32,980
Closing costs
1%
$1,649
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$1,870
Total Expenses
$1,990
Mortgage P&I
46%
$856
Property Taxes
10%
$178
Home Insurance
3%
$58
HOA
0%
$0
Property Management
15%
$280
CapEx
4%
$75
Vacancy
0%
$0
Maintenance
4%
$75
Other
25%
$468