This property looks like a bad Airbnb investment with a projected -7.9% first-year return on $57,690 initial cash invested.
-7.9%
Cash On Cash
4.37%
Cap Rate
0.68
DSCR
$1,529
Rent
-$380
Cashflow
Cash Flow
$1,529 income − $1,909 expenses = $380 out of pocket
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,690
Downpayment
20%
$37,800
Closing costs
1%
$1,890
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,529
Total Expenses
$1,909
Mortgage P&I
66%
$1,008
Property Taxes
7%
$102
Home Insurance
4%
$66
HOA
0%
$0
Property Management
15%
$229
CapEx
4%
$61
Vacancy
0%
$0
Maintenance
4%
$61
Other
25%
$382