This property looks like a bad Airbnb investment with a projected -7.78% first-year return on $54,729 initial cash invested.
-7.78%
Cash On Cash
4.52%
Cap Rate
0.7
DSCR
$1,766
Rent
-$355
Cashflow
Cash Flow
$1,766 income − $2,121 expenses = $355 out of pocket
Investment Breakdown
|
Purchase Price
$175k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,729
Downpayment
20%
$34,980
Closing costs
1%
$1,749
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,766
Total Expenses
$2,121
Mortgage P&I
53%
$943
Property Taxes
15%
$267
Home Insurance
4%
$62
HOA
0%
$0
Property Management
15%
$265
CapEx
4%
$71
Vacancy
0%
$0
Maintenance
4%
$71
Other
25%
$442