This property looks like a bad Airbnb investment with a projected -0.9% first-year return on $57,144 initial cash invested.
-0.9%
Cash On Cash
7.1%
Cap Rate
1.05
DSCR
$2,386
Rent
-$43
Cashflow
Cash Flow
$2,386 income − $2,429 expenses = $43 out of pocket
Investment Breakdown
|
Purchase Price
$186k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,144
Downpayment
20%
$37,280
Closing costs
1%
$1,864
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,386
Total Expenses
$2,429
Mortgage P&I
44%
$1,051
Property Taxes
7%
$171
Home Insurance
3%
$63
HOA
0%
$0
Property Management
15%
$358
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$596