This property looks like a bad Airbnb investment with a projected -2.37% first-year return on $45,489 initial cash invested.
-2.37%
Cash On Cash
6.47%
Cap Rate
0.96
DSCR
$1,609
Rent
-$90
Cashflow
Cash Flow
$1,609 income − $1,699 expenses = $90 out of pocket
Investment Breakdown
|
Purchase Price
$131k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,489
Downpayment
20%
$26,180
Closing costs
1%
$1,309
Rehab
0%
$0
Furnishing
14%
$18,000
Cashflow
Total Income
$1,609
Total Expenses
$1,699
Mortgage P&I
45%
$732
Property Taxes
9%
$138
Home Insurance
4%
$58
HOA
0%
$0
Property Management
15%
$241
CapEx
4%
$64
Vacancy
0%
$0
Maintenance
4%
$64
Other
25%
$402