This property looks like a bad Airbnb investment with a projected -1.68% first-year return on $50,088 initial cash invested.
-1.68%
Cash On Cash
6.82%
Cap Rate
1.01
DSCR
$2,051
Rent
-$70
Cashflow
Cash Flow
$2,051 income − $2,121 expenses = $70 out of pocket
Investment Breakdown
|
Purchase Price
$153k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,088
Downpayment
20%
$30,560
Closing costs
1%
$1,528
Rehab
0%
$0
Furnishing
12%
$18,000
Cashflow
Total Income
$2,051
Total Expenses
$2,121
Mortgage P&I
42%
$857
Property Taxes
11%
$224
Home Insurance
3%
$55
HOA
0%
$0
Property Management
15%
$308
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$513