This property looks like a bad Airbnb investment with a projected -13.65% first-year return on $176k initial cash invested.
-13.65%
Cash On Cash
3.35%
Cap Rate
0.54
DSCR
$5,509
Rent
-$1,997
Cashflow
Cash Flow
$5,509 income − $7,506 expenses = $1,997 out of pocket
Investment Breakdown
|
Purchase Price
$751k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$150k
Closing costs
1%
$7,505
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,509
Total Expenses
$7,506
Mortgage P&I
70%
$3,871
Property Taxes
13%
$730
Home Insurance
5%
$262
HOA
0%
$0
Property Management
15%
$826
CapEx
4%
$220
Vacancy
0%
$0
Maintenance
4%
$220
Other
25%
$1,377