This property looks like a bad Airbnb investment with a projected -3.05% first-year return on $55,800 initial cash invested.
-3.05%
Cash On Cash
6.43%
Cap Rate
0.96
DSCR
$2,448
Rent
-$142
Cashflow
Cash Flow
$2,448 income − $2,590 expenses = $142 out of pocket
Investment Breakdown
|
Purchase Price
$180k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,800
Downpayment
20%
$36,000
Closing costs
1%
$1,800
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,448
Total Expenses
$2,590
Mortgage P&I
41%
$1,008
Property Taxes
14%
$344
Home Insurance
3%
$63
HOA
0%
$0
Property Management
15%
$367
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$612