This property looks like a bad Airbnb investment with a projected -9.64% first-year return on $51,390 initial cash invested.
-9.64%
Cash On Cash
4.14%
Cap Rate
0.61
DSCR
$1,720
Rent
-$413
Cashflow
Cash Flow
$1,720 income − $2,133 expenses = $413 out of pocket
Investment Breakdown
|
Purchase Price
$159k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,390
Downpayment
20%
$31,800
Closing costs
1%
$1,590
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$1,720
Total Expenses
$2,133
Mortgage P&I
52%
$892
Property Taxes
21%
$359
Home Insurance
3%
$56
HOA
0%
$0
Property Management
15%
$258
CapEx
4%
$69
Vacancy
0%
$0
Maintenance
4%
$69
Other
25%
$430