This property looks like a bad Airbnb investment with a projected -2.07% first-year return on $47,484 initial cash invested.
-2.07%
Cash On Cash
6.74%
Cap Rate
0.99
DSCR
$1,808
Rent
-$82
Cashflow
Cash Flow
$1,808 income − $1,890 expenses = $82 out of pocket
Investment Breakdown
|
Purchase Price
$140k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,484
Downpayment
20%
$28,080
Closing costs
1%
$1,404
Rehab
0%
$0
Furnishing
13%
$18,000
Cashflow
Total Income
$1,808
Total Expenses
$1,890
Mortgage P&I
44%
$799
Property Taxes
11%
$203
Home Insurance
1%
$21
HOA
0%
$0
Property Management
15%
$271
CapEx
4%
$72
Vacancy
0%
$0
Maintenance
4%
$72
Other
25%
$452