This property looks like a bad Airbnb investment with a projected -0.93% first-year return on $56,850 initial cash invested.
-0.93%
Cash On Cash
7.24%
Cap Rate
1.09
DSCR
$3,452
Rent
-$44
Cashflow
Cash Flow
$3,452 income − $3,496 expenses = $44 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,452
Total Expenses
$3,496
Mortgage P&I
30%
$1,022
Property Taxes
22%
$752
Home Insurance
2%
$65
HOA
0%
$0
Property Management
15%
$518
CapEx
4%
$138
Vacancy
0%
$0
Maintenance
4%
$138
Other
25%
$863