This property looks like a bad Airbnb investment with a projected -2.81% first-year return on $56,850 initial cash invested.
-2.81%
Cash On Cash
6.3%
Cap Rate
0.97
DSCR
$2,687
Rent
-$133
Cashflow
Cash Flow
$2,687 income − $2,820 expenses = $133 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,850
Downpayment
20%
$37,000
Closing costs
1%
$1,850
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,687
Total Expenses
$2,820
Mortgage P&I
37%
$997
Property Taxes
17%
$469
Home Insurance
2%
$65
HOA
0%
$0
Property Management
15%
$403
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$672