This property looks like a bad Airbnb investment with a projected -10.57% first-year return on $49,479 initial cash invested.
-10.57%
Cash On Cash
3.42%
Cap Rate
0.53
DSCR
$1,498
Rent
-$436
Cashflow
Cash Flow
$1,498 income − $1,934 expenses = $436 out of pocket
Investment Breakdown
|
Purchase Price
$150k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,479
Downpayment
20%
$29,980
Closing costs
1%
$1,499
Rehab
0%
$0
Furnishing
12%
$18,000
Cashflow
Total Income
$1,498
Total Expenses
$1,934
Mortgage P&I
54%
$803
Property Taxes
24%
$360
Home Insurance
3%
$52
HOA
0%
$0
Property Management
15%
$225
CapEx
4%
$60
Vacancy
0%
$0
Maintenance
4%
$60
Other
25%
$374