This property looks like a bad Airbnb investment with a projected -7.23% first-year return on $48,450 initial cash invested.
-7.23%
Cash On Cash
4.66%
Cap Rate
0.7
DSCR
$1,218
Rent
-$292
Cashflow
Cash Flow
$1,218 income − $1,510 expenses = $292 out of pocket
Investment Breakdown
|
Purchase Price
$145k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,450
Downpayment
20%
$29,000
Closing costs
1%
$1,450
Rehab
0%
$0
Furnishing
12%
$18,000
Cashflow
Total Income
$1,218
Total Expenses
$1,510
Mortgage P&I
66%
$806
Property Taxes
6%
$68
Home Insurance
4%
$51
HOA
0%
$0
Property Management
15%
$183
CapEx
4%
$49
Vacancy
0%
$0
Maintenance
4%
$49
Other
25%
$304