This property looks like a bad Airbnb investment with a projected -8.98% first-year return on $49,857 initial cash invested.
-8.98%
Cash On Cash
4.15%
Cap Rate
0.62
DSCR
$1,378
Rent
-$373
Cashflow
Cash Flow
$1,378 income − $1,751 expenses = $373 out of pocket
Investment Breakdown
|
Purchase Price
$152k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,857
Downpayment
20%
$30,340
Closing costs
1%
$1,517
Rehab
0%
$0
Furnishing
12%
$18,000
Cashflow
Total Income
$1,378
Total Expenses
$1,751
Mortgage P&I
61%
$842
Property Taxes
14%
$192
Home Insurance
4%
$56
HOA
0%
$0
Property Management
15%
$207
CapEx
4%
$55
Vacancy
0%
$0
Maintenance
4%
$55
Other
25%
$344