This property looks like a bad Airbnb investment with a projected -6.53% first-year return on $52,965 initial cash invested.
-6.53%
Cash On Cash
4.89%
Cap Rate
0.76
DSCR
$1,808
Rent
-$288
Cashflow
Cash Flow
$1,808 income − $2,096 expenses = $288 out of pocket
Investment Breakdown
|
Purchase Price
$167k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,965
Downpayment
20%
$33,300
Closing costs
1%
$1,665
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$1,808
Total Expenses
$2,096
Mortgage P&I
50%
$895
Property Taxes
15%
$276
Home Insurance
3%
$58
HOA
0%
$0
Property Management
15%
$271
CapEx
4%
$72
Vacancy
0%
$0
Maintenance
4%
$72
Other
25%
$452