This property looks like a bad Airbnb investment with a projected -32.21% first-year return on $176k initial cash invested.
-32.21%
Cash On Cash
-0.98%
Cap Rate
-0.15
DSCR
$590
Rent
-$4,711
Cashflow
Cash Flow
$590 income − $5,301 expenses = $4,711 out of pocket
Investment Breakdown
|
Purchase Price
$750k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$150k
Closing costs
1%
$7,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$590
Total Expenses
$5,301
Mortgage P&I
691%
$4,074
Property Taxes
115%
$681
Home Insurance
44%
$262
HOA
0%
$0
Property Management
15%
$88
CapEx
4%
$24
Vacancy
0%
$0
Maintenance
4%
$24
Other
25%
$148