This property looks like a bad Airbnb investment with a projected -5.55% first-year return on $56,262 initial cash invested.
-5.55%
Cash On Cash
5.51%
Cap Rate
0.83
DSCR
$2,104
Rent
-$260
Cashflow
Cash Flow
$2,104 income − $2,364 expenses = $260 out of pocket
Investment Breakdown
|
Purchase Price
$182k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,262
Downpayment
20%
$36,440
Closing costs
1%
$1,822
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,104
Total Expenses
$2,364
Mortgage P&I
48%
$1,012
Property Taxes
12%
$254
Home Insurance
4%
$88
HOA
0%
$0
Property Management
15%
$316
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$526