This property looks like a bad Airbnb investment with a projected -1.85% first-year return on $180k initial cash invested.
-1.85%
Cash On Cash
6.19%
Cap Rate
1.02
DSCR
$8,750
Rent
-$277
Cashflow
Cash Flow
$8,750 income − $9,027 expenses = $277 out of pocket
Investment Breakdown
|
Purchase Price
$771k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$154k
Closing costs
1%
$7,709
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,750
Total Expenses
$9,027
Mortgage P&I
45%
$3,903
Property Taxes
8%
$662
Home Insurance
3%
$262
HOA
0%
$0
Property Management
15%
$1,312
CapEx
4%
$350
Vacancy
0%
$0
Maintenance
4%
$350
Other
25%
$2,188