This property looks like a bad Airbnb investment with a projected -1.91% first-year return on $48,429 initial cash invested.
-1.91%
Cash On Cash
6.31%
Cap Rate
0.98
DSCR
$1,630
Rent
-$77
Cashflow
Cash Flow
$1,630 income − $1,707 expenses = $77 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
$1,630
Total Expenses
$1,707
Mortgage P&I
47%
$774
Property Taxes
6%
$100
Home Insurance
3%
$51
HOA
0%
$0
Property Management
15%
$244
CapEx
4%
$65
Vacancy
0%
$0
Maintenance
4%
$65
Other
25%
$408