This property looks like a bad Airbnb investment with a projected -0.4% first-year return on $57,060 initial cash invested.
-0.4%
Cash On Cash
6.85%
Cap Rate
1.08
DSCR
$2,432
Rent
-$19
Cashflow
Cash Flow
$2,432 income − $2,451 expenses = $19 out of pocket
Investment Breakdown
|
Purchase Price
$186k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,060
Downpayment
20%
$37,200
Closing costs
1%
$1,860
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,432
Total Expenses
$2,451
Mortgage P&I
40%
$983
Property Taxes
10%
$236
Home Insurance
3%
$65
HOA
0%
$0
Property Management
15%
$365
CapEx
4%
$97
Vacancy
0%
$0
Maintenance
4%
$97
Other
25%
$608