This property looks like a bad Airbnb investment with a projected -22.65% first-year return on $175k initial cash invested.
-22.65%
Cash On Cash
1.5%
Cap Rate
0.23
DSCR
$2,699
Rent
-$3,312
Cashflow
Cash Flow
$2,699 income − $6,011 expenses = $3,312 out of pocket
Investment Breakdown
|
Purchase Price
$750k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$150k
Closing costs
1%
$7,499
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,699
Total Expenses
$6,011
Mortgage P&I
154%
$4,143
Property Taxes
11%
$310
Home Insurance
10%
$262
HOA
0%
$0
Property Management
15%
$405
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$675