This property looks like a bad Airbnb investment with a projected -11.26% first-year return on $175k initial cash invested.
-11.26%
Cash On Cash
4.3%
Cap Rate
0.66
DSCR
$6,112
Rent
-$1,639
Cashflow
Cash Flow
$6,112 income − $7,751 expenses = $1,639 out of pocket
Investment Breakdown
|
Purchase Price
$746k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$149k
Closing costs
1%
$7,462
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,112
Total Expenses
$7,751
Mortgage P&I
67%
$4,067
Property Taxes
8%
$475
Home Insurance
5%
$276
HOA
0%
$0
Property Management
15%
$917
CapEx
4%
$244
Vacancy
0%
$0
Maintenance
4%
$244
Other
25%
$1,528