This property looks like a bad Airbnb investment with a projected -7.06% first-year return on $48,429 initial cash invested.
-7.06%
Cash On Cash
4.57%
Cap Rate
0.72
DSCR
$1,734
Rent
-$285
Cashflow
Cash Flow
$1,734 income − $2,019 expenses = $285 out of pocket
Investment Breakdown
|
Purchase Price
$145k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,429
Downpayment
20%
$28,980
Closing costs
1%
$1,449
Rehab
0%
$0
Furnishing
12%
$18,000
Cashflow
Total Income
$1,734
Total Expenses
$2,019
Mortgage P&I
44%
$768
Property Taxes
20%
$342
Home Insurance
4%
$77
HOA
0%
$0
Property Management
15%
$260
CapEx
4%
$69
Vacancy
0%
$0
Maintenance
4%
$69
Other
25%
$434