This property looks like a bad Airbnb investment with a projected -2.08% first-year return on $54,792 initial cash invested.
-2.08%
Cash On Cash
6.59%
Cap Rate
0.98
DSCR
$1,937
Rent
-$95
Cashflow
Cash Flow
$1,937 income − $2,032 expenses = $95 out of pocket
Investment Breakdown
|
Purchase Price
$175k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,792
Downpayment
20%
$35,040
Closing costs
1%
$1,752
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,937
Total Expenses
$2,032
Mortgage P&I
51%
$980
Property Taxes
3%
$60
Home Insurance
3%
$63
HOA
0%
$0
Property Management
15%
$291
CapEx
4%
$77
Vacancy
0%
$0
Maintenance
4%
$77
Other
25%
$484