This property looks like a bad Airbnb investment with a projected -24.9% first-year return on $176k initial cash invested.
-24.9%
Cash On Cash
0.83%
Cap Rate
0.13
DSCR
$2,710
Rent
-$3,641
Cashflow
Cash Flow
$2,710 income − $6,351 expenses = $3,641 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
$2,710
Total Expenses
$6,351
Mortgage P&I
149%
$4,051
Property Taxes
27%
$738
Home Insurance
10%
$262
HOA
0%
$0
Property Management
15%
$406
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$678