This property looks like a bad Airbnb investment with a projected -6.69% first-year return on $55,926 initial cash invested.
-6.69%
Cash On Cash
5.16%
Cap Rate
0.77
DSCR
$1,932
Rent
-$312
Cashflow
Cash Flow
$1,932 income − $2,244 expenses = $312 out of pocket
Investment Breakdown
|
Purchase Price
$181k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,926
Downpayment
20%
$36,120
Closing costs
1%
$1,806
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,932
Total Expenses
$2,244
Mortgage P&I
52%
$1,012
Property Taxes
13%
$244
Home Insurance
3%
$61
HOA
0%
$0
Property Management
15%
$290
CapEx
4%
$77
Vacancy
0%
$0
Maintenance
4%
$77
Other
25%
$483