This property looks like a bad Airbnb investment with a projected -14.41% first-year return on $57,396 initial cash invested.
-14.41%
Cash On Cash
2.72%
Cap Rate
0.4
DSCR
$1,519
Rent
-$689
Cashflow
Cash Flow
$1,519 income − $2,208 expenses = $689 out of pocket
Investment Breakdown
|
Purchase Price
$188k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,396
Downpayment
20%
$37,520
Closing costs
1%
$1,876
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,519
Total Expenses
$2,208
Mortgage P&I
69%
$1,053
Property Taxes
24%
$359
Home Insurance
4%
$66
HOA
0%
$0
Property Management
15%
$228
CapEx
4%
$61
Vacancy
0%
$0
Maintenance
4%
$61
Other
25%
$380