This property looks like a bad Airbnb investment with a projected -3.15% first-year return on $41,121 initial cash invested.
-3.15%
Cash On Cash
5.4%
Cap Rate
0.89
DSCR
$1,101
Rent
-$108
Cashflow
Cash Flow
$1,101 income − $1,209 expenses = $108 out of pocket
Investment Breakdown
|
Purchase Price
$110k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,121
Downpayment
20%
$22,020
Closing costs
1%
$1,101
Rehab
0%
$0
Furnishing
16%
$18,000
Cashflow
Total Income
$1,101
Total Expenses
$1,209
Mortgage P&I
51%
$559
Property Taxes
7%
$78
Home Insurance
4%
$44
HOA
0%
$0
Property Management
15%
$165
CapEx
4%
$44
Vacancy
0%
$0
Maintenance
4%
$44
Other
25%
$275