This property looks like a bad Airbnb investment with a projected -22.22% first-year return on $180k initial cash invested.
-22.22%
Cash On Cash
1.04%
Cap Rate
0.17
DSCR
$2,388
Rent
-$3,327
Cashflow
Cash Flow
$2,388 income − $5,715 expenses = $3,327 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%
$7,700
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,388
Total Expenses
$5,715
Mortgage P&I
163%
$3,897
Property Taxes
17%
$401
Home Insurance
11%
$270
HOA
0%
$0
Property Management
15%
$358
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$597