This property looks like a bad Airbnb investment with a projected -10.81% first-year return on $43,725 initial cash invested.
-10.81%
Cash On Cash
3.25%
Cap Rate
0.48
DSCR
$862
Rent
-$394
Cashflow
Cash Flow
$862 income − $1,256 expenses = $394 out of pocket
Investment Breakdown
|
Purchase Price
$123k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$43,725
Downpayment
20%
$24,500
Closing costs
1%
$1,225
Rehab
0%
$0
Furnishing
15%
$18,000
Cashflow
Total Income
$862
Total Expenses
$1,256
Mortgage P&I
80%
$692
Property Taxes
13%
$108
Home Insurance
5%
$43
HOA
0%
$0
Property Management
15%
$129
CapEx
4%
$34
Vacancy
0%
$0
Maintenance
4%
$34
Other
25%
$216