This property looks like a bad Airbnb investment with a projected -2.72% first-year return on $54,750 initial cash invested.
-2.72%
Cash On Cash
6.47%
Cap Rate
0.96
DSCR
$2,230
Rent
-$124
Cashflow
Cash Flow
$2,230 income − $2,354 expenses = $124 out of pocket
Investment Breakdown
|
Purchase Price
$175k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,750
Downpayment
20%
$35,000
Closing costs
1%
$1,750
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,230
Total Expenses
$2,354
Mortgage P&I
44%
$979
Property Taxes
11%
$244
Home Insurance
3%
$61
HOA
0%
$0
Property Management
15%
$334
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$558