This property looks like a bad Airbnb investment with a projected -2.73% first-year return on $49,752 initial cash invested.
-2.73%
Cash On Cash
5.98%
Cap Rate
0.94
DSCR
$1,669
Rent
-$113
Cashflow
Cash Flow
$1,669 income − $1,782 expenses = $113 out of pocket
Investment Breakdown
|
Purchase Price
$151k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,752
Downpayment
20%
$30,240
Closing costs
1%
$1,512
Rehab
0%
$0
Furnishing
12%
$18,000
Cashflow
Total Income
$1,669
Total Expenses
$1,782
Mortgage P&I
48%
$800
Property Taxes
9%
$146
Home Insurance
2%
$35
HOA
0%
$0
Property Management
15%
$250
CapEx
4%
$67
Vacancy
0%
$0
Maintenance
4%
$67
Other
25%
$417