This property looks like a bad Airbnb investment with a projected -19.99% first-year return on $180k initial cash invested.
-19.99%
Cash On Cash
1.73%
Cap Rate
0.28
DSCR
$3,276
Rent
-$3,001
Cashflow
Cash Flow
$3,276 income − $6,277 expenses = $3,001 out of pocket
Investment Breakdown
|
Purchase Price
$772k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$154k
Closing costs
1%
$7,721
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,276
Total Expenses
$6,277
Mortgage P&I
122%
$3,982
Property Taxes
14%
$448
Home Insurance
8%
$275
HOA
0%
$0
Property Management
15%
$491
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$819