This property looks like a bad Airbnb investment with a projected -0.02% first-year return on $53,679 initial cash invested.
-0.02%
Cash On Cash
7.07%
Cap Rate
1.12
DSCR
$2,617
Rent
-$1
Cashflow
Cash Flow
$2,617 income − $2,618 expenses = $1 out of pocket
Investment Breakdown
|
Purchase Price
$170k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,679
Downpayment
20%
$33,980
Closing costs
1%
$1,699
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$2,617
Total Expenses
$2,618
Mortgage P&I
34%
$897
Property Taxes
15%
$404
Home Insurance
2%
$60
HOA
0%
$0
Property Management
15%
$393
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$654