This property looks like a bad Airbnb investment with a projected -1.46% first-year return on $58,446 initial cash invested.
-1.46%
Cash On Cash
6.48%
Cap Rate
1.02
DSCR
$2,403
Rent
-$71
Cashflow
Cash Flow
$2,403 income − $2,474 expenses = $71 out of pocket
Investment Breakdown
|
Purchase Price
$193k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,446
Downpayment
20%
$38,520
Closing costs
1%
$1,926
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,403
Total Expenses
$2,474
Mortgage P&I
42%
$1,015
Property Taxes
12%
$282
Home Insurance
1%
$24
HOA
0%
$0
Property Management
15%
$360
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$601