This property looks like a bad Airbnb investment with a projected -27% first-year return on $180k initial cash invested.
-27%
Cash On Cash
0.57%
Cap Rate
0.09
DSCR
$3,536
Rent
-$4,052
Cashflow
Cash Flow
$3,536 income − $7,588 expenses = $4,052 out of pocket
Investment Breakdown
|
Purchase Price
$772k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$154k
Closing costs
1%
$7,720
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,536
Total Expenses
$7,588
Mortgage P&I
121%
$4,278
Property Taxes
22%
$775
Home Insurance
8%
$278
HOA
16%
$561
Property Management
15%
$530
CapEx
4%
$141
Vacancy
0%
$0
Maintenance
4%
$141
Other
25%
$884