This property looks like a bad Airbnb investment with a projected -10.2% first-year return on $56,850 initial cash invested.
-10.2%
Cash On Cash
3.71%
Cap Rate
0.57
DSCR
$1,455
Rent
-$483
Cashflow
Cash Flow
$1,455 income − $1,938 expenses = $483 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,850
Downpayment
20%
$37,000
Closing costs
1%
$1,850
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,455
Total Expenses
$1,938
Mortgage P&I
69%
$997
Property Taxes
12%
$178
Home Insurance
4%
$65
HOA
0%
$0
Property Management
15%
$218
CapEx
4%
$58
Vacancy
0%
$0
Maintenance
4%
$58
Other
25%
$364