This property looks like a bad Airbnb investment with a projected -1.62% first-year return on $54,708 initial cash invested.
-1.62%
Cash On Cash
6.82%
Cap Rate
1.02
DSCR
$2,255
Rent
-$74
Cashflow
Cash Flow
$2,255 income − $2,329 expenses = $74 out of pocket
Investment Breakdown
|
Purchase Price
$175k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,708
Downpayment
20%
$34,960
Closing costs
1%
$1,748
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,255
Total Expenses
$2,329
Mortgage P&I
43%
$978
Property Taxes
9%
$208
Home Insurance
3%
$61
HOA
0%
$0
Property Management
15%
$338
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$564