This property looks like a bad Airbnb investment with a projected -22.94% first-year return on $180k initial cash invested.
-22.94%
Cash On Cash
1.68%
Cap Rate
0.25
DSCR
$3,751
Rent
-$3,435
Cashflow
Cash Flow
$3,751 income − $7,186 expenses = $3,435 out of pocket
Investment Breakdown
|
Purchase Price
$770k
Downpayment
20.0%
Interest Rate
7.6%
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
$3,751
Total Expenses
$7,186
Mortgage P&I
116%
$4,364
Property Taxes
20%
$751
Home Insurance
7%
$270
HOA
0%
$0
Property Management
15%
$563
CapEx
4%
$150
Vacancy
0%
$0
Maintenance
4%
$150
Other
25%
$938