This property looks like a bad Airbnb investment with a projected -2.09% first-year return on $48,156 initial cash invested.
-2.09%
Cash On Cash
6.28%
Cap Rate
0.97
DSCR
$1,562
Rent
-$84
Cashflow
Cash Flow
$1,562 income − $1,646 expenses = $84 out of pocket
Investment Breakdown
|
Purchase Price
$144k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,156
Downpayment
20%
$28,720
Closing costs
1%
$1,436
Rehab
0%
$0
Furnishing
13%
$18,000
Cashflow
Total Income
$1,562
Total Expenses
$1,646
Mortgage P&I
50%
$774
Property Taxes
5%
$72
Home Insurance
3%
$52
HOA
0%
$0
Property Management
15%
$234
CapEx
4%
$62
Vacancy
0%
$0
Maintenance
4%
$62
Other
25%
$390