This property looks like a bad Airbnb investment with a projected -23.65% first-year return on $175k initial cash invested.
-23.65%
Cash On Cash
0.88%
Cap Rate
0.14
DSCR
$3,297
Rent
-$3,459
Cashflow
Cash Flow
$3,297 income − $6,756 expenses = $3,459 out of pocket
Investment Breakdown
|
Purchase Price
$750k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,297
Total Expenses
$6,756
Mortgage P&I
118%
$3,874
Property Taxes
31%
$1,037
Home Insurance
8%
$262
HOA
0%
$0
Property Management
15%
$495
CapEx
4%
$132
Vacancy
0%
$0
Maintenance
4%
$132
Other
25%
$824