This property looks like a bad Airbnb investment with a projected -16.03% first-year return on $54,708 initial cash invested.
-16.03%
Cash On Cash
1.96%
Cap Rate
0.29
DSCR
$1,192
Rent
-$731
Cashflow
Cash Flow
$1,192 income − $1,923 expenses = $731 out of pocket
Investment Breakdown
|
Purchase Price
$175k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,708
Downpayment
20%
$34,960
Closing costs
1%
$1,748
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,192
Total Expenses
$1,923
Mortgage P&I
81%
$968
Property Taxes
27%
$319
Home Insurance
5%
$63
HOA
0%
$0
Property Management
15%
$179
CapEx
4%
$48
Vacancy
0%
$0
Maintenance
4%
$48
Other
25%
$298