This property looks like a bad Airbnb investment with a projected -12.24% first-year return on $180k initial cash invested.
-12.24%
Cash On Cash
3.53%
Cap Rate
0.58
DSCR
$5,331
Rent
-$1,833
Cashflow
Cash Flow
$5,331 income − $7,164 expenses = $1,833 out of pocket
Investment Breakdown
|
Purchase Price
$770k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$154k
Closing costs
1%
$7,698
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,331
Total Expenses
$7,164
Mortgage P&I
73%
$3,886
Property Taxes
8%
$439
Home Insurance
5%
$280
HOA
0%
$0
Property Management
15%
$800
CapEx
4%
$213
Vacancy
0%
$0
Maintenance
4%
$213
Other
25%
$1,333