This property looks like a bad Airbnb investment with a projected -2.38% first-year return on $57,081 initial cash invested.
-2.38%
Cash On Cash
6.65%
Cap Rate
0.98
DSCR
$2,322
Rent
-$113
Cashflow
Cash Flow
$2,322 income − $2,435 expenses = $113 out of pocket
Investment Breakdown
|
Purchase Price
$186k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,081
Downpayment
20%
$37,220
Closing costs
1%
$1,861
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,322
Total Expenses
$2,435
Mortgage P&I
45%
$1,052
Property Taxes
9%
$209
Home Insurance
3%
$60
HOA
0%
$0
Property Management
15%
$348
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$580