This property looks like a bad Airbnb investment with a projected -0.49% first-year return on $56,346 initial cash invested.
-0.49%
Cash On Cash
6.89%
Cap Rate
1.07
DSCR
$2,354
Rent
-$23
Cashflow
Cash Flow
$2,354 income − $2,377 expenses = $23 out of pocket
Investment Breakdown
|
Purchase Price
$183k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,346
Downpayment
20%
$36,520
Closing costs
1%
$1,826
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,354
Total Expenses
$2,377
Mortgage P&I
42%
$978
Property Taxes
9%
$204
Home Insurance
3%
$66
HOA
0%
$0
Property Management
15%
$353
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$588