This property looks like a bad Airbnb investment with a projected -5.15% first-year return on $56,850 initial cash invested.
-5.15%
Cash On Cash
5.46%
Cap Rate
0.84
DSCR
$2,068
Rent
-$244
Cashflow
Cash Flow
$2,068 income − $2,312 expenses = $244 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,850
Downpayment
20%
$37,000
Closing costs
1%
$1,850
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,068
Total Expenses
$2,312
Mortgage P&I
49%
$1,003
Property Taxes
12%
$251
Home Insurance
3%
$65
HOA
0%
$0
Property Management
15%
$310
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$517