This property looks like a bad Airbnb investment with a projected -3% first-year return on $48,366 initial cash invested.
-3%
Cash On Cash
6.27%
Cap Rate
0.94
DSCR
$1,824
Rent
-$121
Cashflow
Cash Flow
$1,824 income − $1,945 expenses = $121 out of pocket
Investment Breakdown
|
Purchase Price
$145k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,366
Downpayment
20%
$28,920
Closing costs
1%
$1,446
Rehab
0%
$0
Furnishing
12%
$18,000
Cashflow
Total Income
$1,824
Total Expenses
$1,945
Mortgage P&I
44%
$804
Property Taxes
11%
$204
Home Insurance
3%
$61
HOA
0%
$0
Property Management
15%
$274
CapEx
4%
$73
Vacancy
0%
$0
Maintenance
4%
$73
Other
25%
$456