This property looks like a bad Airbnb investment with a projected -26.98% first-year return on $56,850 initial cash invested.
-26.98%
Cash On Cash
-1.65%
Cap Rate
-0.26
DSCR
$812
Rent
-$1,278
Cashflow
Cash Flow
$812 income − $2,090 expenses = $1,278 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
$812
Total Expenses
$2,090
Mortgage P&I
122%
$992
Property Taxes
79%
$644
Home Insurance
8%
$65
HOA
0%
$0
Property Management
15%
$122
CapEx
4%
$32
Vacancy
0%
$0
Maintenance
4%
$32
Other
25%
$203