This property looks like a bad Airbnb investment with a projected -4.05% first-year return on $52,734 initial cash invested.
-4.05%
Cash On Cash
5.99%
Cap Rate
0.89
DSCR
$1,959
Rent
-$178
Cashflow
Cash Flow
$1,959 income − $2,137 expenses = $178 out of pocket
Investment Breakdown
|
Purchase Price
$165k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,734
Downpayment
20%
$33,080
Closing costs
1%
$1,654
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$1,959
Total Expenses
$2,137
Mortgage P&I
47%
$925
Property Taxes
11%
$212
Home Insurance
3%
$60
HOA
0%
$0
Property Management
15%
$294
CapEx
4%
$78
Vacancy
0%
$0
Maintenance
4%
$78
Other
25%
$490