This property looks like a bad Airbnb investment with a projected -3% first-year return on $53,679 initial cash invested.
-3%
Cash On Cash
6.3%
Cap Rate
0.93
DSCR
$1,782
Rent
-$134
Cashflow
Cash Flow
$1,782 income − $1,916 expenses = $134 out of pocket
Investment Breakdown
|
Purchase Price
$170k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,679
Downpayment
20%
$33,980
Closing costs
1%
$1,699
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$1,782
Total Expenses
$1,916
Mortgage P&I
54%
$955
Property Taxes
3%
$46
Home Insurance
3%
$60
HOA
0%
$0
Property Management
15%
$267
CapEx
4%
$71
Vacancy
0%
$0
Maintenance
4%
$71
Other
25%
$446