This property looks like a bad Airbnb investment with a projected -5.76% first-year return on $56,850 initial cash invested.
-5.76%
Cash On Cash
4.92%
Cap Rate
0.78
DSCR
$1,625
Rent
-$273
Cashflow
Cash Flow
$1,625 income − $1,898 expenses = $273 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,625
Total Expenses
$1,898
Mortgage P&I
60%
$967
Property Taxes
5%
$86
Home Insurance
4%
$65
HOA
0%
$0
Property Management
15%
$244
CapEx
4%
$65
Vacancy
0%
$0
Maintenance
4%
$65
Other
25%
$406