This property looks like a bad Airbnb investment with a projected -13.19% first-year return on $51,579 initial cash invested.
-13.19%
Cash On Cash
2.78%
Cap Rate
0.42
DSCR
$1,577
Rent
-$567
Cashflow
Cash Flow
$1,577 income − $2,144 expenses = $567 out of pocket
Investment Breakdown
|
Purchase Price
$160k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,579
Downpayment
20%
$31,980
Closing costs
1%
$1,599
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$1,577
Total Expenses
$2,144
Mortgage P&I
55%
$874
Property Taxes
29%
$457
Home Insurance
4%
$56
HOA
0%
$0
Property Management
15%
$237
CapEx
4%
$63
Vacancy
0%
$0
Maintenance
4%
$63
Other
25%
$394