This property looks like a bad Airbnb investment with a projected -7.61% first-year return on $180k initial cash invested.
-7.61%
Cash On Cash
4.85%
Cap Rate
0.79
DSCR
$7,601
Rent
-$1,142
Cashflow
Cash Flow
$7,601 income − $8,743 expenses = $1,142 out of pocket
Investment Breakdown
|
Purchase Price
$772k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$154k
Closing costs
1%
$7,723
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,601
Total Expenses
$8,743
Mortgage P&I
52%
$3,960
Property Taxes
11%
$860
Home Insurance
4%
$275
HOA
0%
$0
Property Management
15%
$1,140
CapEx
4%
$304
Vacancy
0%
$0
Maintenance
4%
$304
Other
25%
$1,900