This property looks like a bad Airbnb investment with a projected -2.94% first-year return on $56,283 initial cash invested.
-2.94%
Cash On Cash
6.18%
Cap Rate
0.95
DSCR
$2,092
Rent
-$138
Cashflow
Cash Flow
$2,092 income − $2,230 expenses = $138 out of pocket
Investment Breakdown
|
Purchase Price
$182k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,283
Downpayment
20%
$36,460
Closing costs
1%
$1,823
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,092
Total Expenses
$2,230
Mortgage P&I
47%
$993
Property Taxes
8%
$167
Home Insurance
3%
$65
HOA
0%
$0
Property Management
15%
$314
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$523