This property looks like a bad Airbnb investment with a projected -25.29% first-year return on $175k initial cash invested.
-25.29%
Cash On Cash
0.4%
Cap Rate
0.06
DSCR
$2,358
Rent
-$3,694
Cashflow
Cash Flow
$2,358 income − $6,052 expenses = $3,694 out of pocket
Investment Breakdown
|
Purchase Price
$749k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$150k
Closing costs
1%
$7,489
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,358
Total Expenses
$6,052
Mortgage P&I
163%
$3,848
Property Taxes
33%
$768
Home Insurance
11%
$262
HOA
2%
$42
Property Management
15%
$354
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$590