This property looks like a bad Airbnb investment with a projected -1.22% first-year return on $50,277 initial cash invested.
-1.22%
Cash On Cash
6.74%
Cap Rate
1.03
DSCR
$1,820
Rent
-$51
Cashflow
Cash Flow
$1,820 income − $1,871 expenses = $51 out of pocket
Investment Breakdown
|
Purchase Price
$154k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,277
Downpayment
20%
$30,740
Closing costs
1%
$1,537
Rehab
0%
$0
Furnishing
12%
$18,000
Cashflow
Total Income
$1,820
Total Expenses
$1,871
Mortgage P&I
46%
$841
Property Taxes
6%
$104
Home Insurance
3%
$52
HOA
0%
$0
Property Management
15%
$273
CapEx
4%
$73
Vacancy
0%
$0
Maintenance
4%
$73
Other
25%
$455