This property looks like a bad Airbnb investment with a projected -5.39% first-year return on $57,879 initial cash invested.
-5.39%
Cash On Cash
5.49%
Cap Rate
0.82
DSCR
$1,681
Rent
-$260
Cashflow
Cash Flow
$1,681 income − $1,941 expenses = $260 out of pocket
Investment Breakdown
|
Purchase Price
$190k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,879
Downpayment
20%
$37,980
Closing costs
1%
$1,899
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,681
Total Expenses
$1,941
Mortgage P&I
63%
$1,062
Property Taxes
0%
$7
Home Insurance
4%
$66
HOA
0%
$0
Property Management
15%
$252
CapEx
4%
$67
Vacancy
0%
$0
Maintenance
4%
$67
Other
25%
$420