This property looks like a bad Airbnb investment with a projected -3.8% first-year return on $56,283 initial cash invested.
-3.8%
Cash On Cash
6%
Cap Rate
0.9
DSCR
$2,062
Rent
-$178
Cashflow
Cash Flow
$2,062 income − $2,240 expenses = $178 out of pocket
Investment Breakdown
|
Purchase Price
$182k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,283
Downpayment
20%
$36,460
Closing costs
1%
$1,823
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,062
Total Expenses
$2,240
Mortgage P&I
49%
$1,007
Property Taxes
9%
$179
Home Insurance
3%
$65
HOA
0%
$0
Property Management
15%
$309
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$516