This property looks like a bad Airbnb investment with a projected -17.73% first-year return on $175k initial cash invested.
-17.73%
Cash On Cash
2.16%
Cap Rate
0.35
DSCR
$3,583
Rent
-$2,590
Cashflow
Cash Flow
$3,583 income − $6,173 expenses = $2,590 out of pocket
Investment Breakdown
|
Purchase Price
$749k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$150k
Closing costs
1%
$7,490
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,583
Total Expenses
$6,173
Mortgage P&I
106%
$3,793
Property Taxes
11%
$399
Home Insurance
7%
$262
HOA
0%
$0
Property Management
15%
$537
CapEx
4%
$143
Vacancy
0%
$0
Maintenance
4%
$143
Other
25%
$896