This property looks like a bad Airbnb investment with a projected -6.05% first-year return on $57,879 initial cash invested.
-6.05%
Cash On Cash
5.02%
Cap Rate
0.78
DSCR
$1,695
Rent
-$292
Cashflow
Cash Flow
$1,695 income − $1,987 expenses = $292 out of pocket
Investment Breakdown
|
Purchase Price
$190k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,879
Downpayment
20%
$37,980
Closing costs
1%
$1,899
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,695
Total Expenses
$1,987
Mortgage P&I
60%
$1,018
Property Taxes
5%
$89
Home Insurance
4%
$66
HOA
0%
$0
Property Management
15%
$254
CapEx
4%
$68
Vacancy
0%
$0
Maintenance
4%
$68
Other
25%
$424