This property looks like a bad Airbnb investment with a projected -4.81% first-year return on $57,585 initial cash invested.
-4.81%
Cash On Cash
5.56%
Cap Rate
0.84
DSCR
$1,750
Rent
-$231
Cashflow
Cash Flow
$1,750 income − $1,981 expenses = $231 out of pocket
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,585
Downpayment
20%
$37,700
Closing costs
1%
$1,885
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,750
Total Expenses
$1,981
Mortgage P&I
59%
$1,035
Property Taxes
2%
$38
Home Insurance
4%
$68
HOA
0%
$0
Property Management
15%
$262
CapEx
4%
$70
Vacancy
0%
$0
Maintenance
4%
$70
Other
25%
$438