This property looks like a bad Airbnb investment with a projected -8.07% first-year return on $52,650 initial cash invested.
-8.07%
Cash On Cash
4.31%
Cap Rate
0.67
DSCR
$1,434
Rent
-$354
Cashflow
Cash Flow
$1,434 income − $1,788 expenses = $354 out of pocket
Investment Breakdown
|
Purchase Price
$165k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,650
Downpayment
20%
$33,000
Closing costs
1%
$1,650
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$1,434
Total Expenses
$1,788
Mortgage P&I
62%
$889
Property Taxes
11%
$154
Home Insurance
4%
$58
HOA
0%
$0
Property Management
15%
$215
CapEx
4%
$57
Vacancy
0%
$0
Maintenance
4%
$57
Other
25%
$358