This property looks like a bad Airbnb investment with a projected -5.34% first-year return on $56,661 initial cash invested.
-5.34%
Cash On Cash
5.64%
Cap Rate
0.84
DSCR
$2,038
Rent
-$252
Cashflow
Cash Flow
$2,038 income − $2,290 expenses = $252 out of pocket
Investment Breakdown
|
Purchase Price
$184k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,661
Downpayment
20%
$36,820
Closing costs
1%
$1,841
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,038
Total Expenses
$2,290
Mortgage P&I
51%
$1,036
Property Taxes
10%
$208
Home Insurance
3%
$66
HOA
0%
$0
Property Management
15%
$306
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$510