This property looks like a bad Airbnb investment with a projected -3.38% first-year return on $52,251 initial cash invested.
-3.38%
Cash On Cash
6.26%
Cap Rate
0.93
DSCR
$2,176
Rent
-$147
Cashflow
Cash Flow
$2,176 income − $2,323 expenses = $147 out of pocket
Investment Breakdown
|
Purchase Price
$163k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,251
Downpayment
20%
$32,620
Closing costs
1%
$1,631
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$2,176
Total Expenses
$2,323
Mortgage P&I
42%
$911
Property Taxes
14%
$310
Home Insurance
3%
$58
HOA
0%
$0
Property Management
15%
$326
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$544