This property looks like a bad Airbnb investment with a projected -6.64% first-year return on $53,490 initial cash invested.
-6.64%
Cash On Cash
4.69%
Cap Rate
0.73
DSCR
$1,288
Rent
-$296
Cashflow
Cash Flow
$1,288 income − $1,584 expenses = $296 out of pocket
Investment Breakdown
|
Purchase Price
$169k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,490
Downpayment
20%
$33,800
Closing costs
1%
$1,690
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$1,288
Total Expenses
$1,584
Mortgage P&I
70%
$904
Property Taxes
0%
$2
Home Insurance
5%
$59
HOA
0%
$0
Property Management
15%
$193
CapEx
4%
$52
Vacancy
0%
$0
Maintenance
4%
$52
Other
25%
$322