This property looks like a bad Airbnb investment with a projected -4.25% first-year return on $57,102 initial cash invested.
-4.25%
Cash On Cash
5.98%
Cap Rate
0.88
DSCR
$1,948
Rent
-$202
Cashflow
Cash Flow
$1,948 income − $2,150 expenses = $202 out of pocket
Investment Breakdown
|
Purchase Price
$186k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,102
Downpayment
20%
$37,240
Closing costs
1%
$1,862
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,948
Total Expenses
$2,150
Mortgage P&I
54%
$1,052
Property Taxes
5%
$97
Home Insurance
3%
$66
HOA
0%
$0
Property Management
15%
$292
CapEx
4%
$78
Vacancy
0%
$0
Maintenance
4%
$78
Other
25%
$487