This property looks like a bad Airbnb investment with a projected -8.28% first-year return on $54,750 initial cash invested.
-8.28%
Cash On Cash
4.59%
Cap Rate
0.68
DSCR
$1,656
Rent
-$378
Cashflow
Cash Flow
$1,656 income − $2,034 expenses = $378 out of pocket
Investment Breakdown
|
Purchase Price
$175k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,750
Downpayment
20%
$35,000
Closing costs
1%
$1,750
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,656
Total Expenses
$2,034
Mortgage P&I
59%
$982
Property Taxes
12%
$197
Home Insurance
4%
$61
HOA
0%
$0
Property Management
15%
$248
CapEx
4%
$66
Vacancy
0%
$0
Maintenance
4%
$66
Other
25%
$414