This property looks like a bad Airbnb investment with a projected -3.99% first-year return on $32,490 initial cash invested.
-3.99%
Cash On Cash
5.7%
Cap Rate
0.84
DSCR
$1,114
Rent
-$108
Cashflow
Cash Flow
$1,114 income − $1,222 expenses = $108 out of pocket
Investment Breakdown
|
Purchase Price
$69,000
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$32,490
Downpayment
20%
$13,800
Closing costs
1%
$690
Rehab
0%
$0
Furnishing
26%
$18,000
Cashflow
Total Income
$1,114
Total Expenses
$1,222
Mortgage P&I
35%
$391
Property Taxes
24%
$272
Home Insurance
2%
$24
HOA
0%
$0
Property Management
15%
$167
CapEx
4%
$45
Vacancy
0%
$0
Maintenance
4%
$45
Other
25%
$278