This property looks like a bad Airbnb investment with a projected -2.05% first-year return on $43,305 initial cash invested.
-2.05%
Cash On Cash
6.31%
Cap Rate
1.02
DSCR
$2,177
Rent
-$74
Cashflow
Cash Flow
$2,177 income − $2,251 expenses = $74 out of pocket
Investment Breakdown
|
Purchase Price
$121k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$43,305
Downpayment
20%
$24,100
Closing costs
1%
$1,205
Rehab
0%
$0
Furnishing
15%
$18,000
Cashflow
Total Income
$2,177
Total Expenses
$2,251
Mortgage P&I
29%
$621
Property Taxes
19%
$417
Home Insurance
8%
$168
HOA
0%
$0
Property Management
15%
$327
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$544