This property looks like a bad Airbnb investment with a projected -6.09% first-year return on $54,582 initial cash invested.
-6.09%
Cash On Cash
5.19%
Cap Rate
0.79
DSCR
$2,055
Rent
-$277
Cashflow
Cash Flow
$2,055 income − $2,332 expenses = $277 out of pocket
Investment Breakdown
|
Purchase Price
$174k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,582
Downpayment
20%
$34,840
Closing costs
1%
$1,742
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,055
Total Expenses
$2,332
Mortgage P&I
46%
$948
Property Taxes
17%
$342
Home Insurance
3%
$56
HOA
0%
$0
Property Management
15%
$308
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$514