This property looks like a bad Airbnb investment with a projected -19.82% first-year return on $175k initial cash invested.
-19.82%
Cash On Cash
1.71%
Cap Rate
0.28
DSCR
$4,193
Rent
-$2,895
Cashflow
Cash Flow
$4,193 income − $7,088 expenses = $2,895 out of pocket
Investment Breakdown
|
Purchase Price
$749k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$150k
Closing costs
1%
$7,490
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,193
Total Expenses
$7,088
Mortgage P&I
90%
$3,794
Property Taxes
24%
$992
Home Insurance
7%
$276
HOA
0%
$13
Property Management
15%
$629
CapEx
4%
$168
Vacancy
0%
$0
Maintenance
4%
$168
Other
25%
$1,048