This property looks like a bad Airbnb investment with a projected -7.45% first-year return on $50,445 initial cash invested.
-7.45%
Cash On Cash
4.78%
Cap Rate
0.7
DSCR
$1,351
Rent
-$313
Cashflow
Cash Flow
$1,351 income − $1,664 expenses = $313 out of pocket
Investment Breakdown
|
Purchase Price
$155k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,445
Downpayment
20%
$30,900
Closing costs
1%
$1,545
Rehab
0%
$0
Furnishing
12%
$18,000
Cashflow
Total Income
$1,351
Total Expenses
$1,664
Mortgage P&I
65%
$874
Property Taxes
6%
$77
Home Insurance
4%
$56
HOA
1%
$8
Property Management
15%
$203
CapEx
4%
$54
Vacancy
0%
$0
Maintenance
4%
$54
Other
25%
$338