This property looks like a bad Airbnb investment with a projected -7.5% first-year return on $56,787 initial cash invested.
-7.5%
Cash On Cash
4.52%
Cap Rate
0.7
DSCR
$1,478
Rent
-$355
Cashflow
Cash Flow
$1,478 income − $1,833 expenses = $355 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,787
Downpayment
20%
$36,940
Closing costs
1%
$1,847
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,478
Total Expenses
$1,833
Mortgage P&I
67%
$991
Property Taxes
4%
$66
Home Insurance
4%
$66
HOA
0%
$0
Property Management
15%
$222
CapEx
4%
$59
Vacancy
0%
$0
Maintenance
4%
$59
Other
25%
$370