This property looks like a bad Airbnb investment with a projected -23.68% first-year return on $175k initial cash invested.
-23.68%
Cash On Cash
1.14%
Cap Rate
0.18
DSCR
$3,138
Rent
-$3,463
Cashflow
Cash Flow
$3,138 income − $6,601 expenses = $3,463 out of pocket
Investment Breakdown
|
Purchase Price
$750k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,138
Total Expenses
$6,601
Mortgage P&I
129%
$4,051
Property Taxes
25%
$781
Home Insurance
8%
$262
HOA
0%
$0
Property Management
15%
$471
CapEx
4%
$126
Vacancy
0%
$0
Maintenance
4%
$126
Other
25%
$784